Woodside Petroleum has been accused of holding back natural gas shipments from China in an effort to lift the price of a 25-year supply contract.
The energy company and its partners in the North West Shelf Gas consortium have reportedly withheld eight gas shipments covered by the contract since 2011, according to the Australian Financial Review.
It said the contract, signed in 2002, did not include a provision to lift prices and now requires the consortium to provide gas to China at what is less than half the current market price for the energy source.
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