Woodside

Woodside Energy Group Ltd. has tentative agreements with Western Gas, an Australian offshore natural gas producer, to supply more volumes and boost production from its Pluto LNG terminal. Woodside disclosed several nonbinding agreements with Western Gas in the North West Shelf Project. Western Gas is developing the Equus Gas Project in the Carnarvon Basin. Under…

Australia’s proposed plan to protect domestic consumers from global natural gas market volatility has made major LNG exporters rethink domestic supply partnerships and sparked concern amongst countries reliant on Australian supplies. On Dec. 9, the government outlined an intervention plan that could cap domestic natural gas prices at around $8/gigajoule and coal at around $86/ton…

LanzaTech NZ Inc. is poised to gain a boost in U.S. opportunities after Australia’s natural gas and oil giant Woodside Energy Group Ltd. agreed to a $50 million investment. In addition, Woodside has a strategic framework agreement (SFA) to collaborate on pilots that demonstrate LanzaTech’s carbon capture and transformation (CCT) technologies. “With both this collaboration…

While Woodside Energy Group Ltd. is pushing ahead with multi-billion dollar natural gas development projects to secure the future of its Australian assets, it made moves in the third quarter to grow its exposure to European markets with help from some added U.S. LNG. The third quarter was Woodside’s first full earnings period since it…

Australia’s largest natural gas and oil companies are moving forward with key projects for the future of the country’s LNG industry. Santos Ltd. has sanctioned a $300 million-plus pipeline project that would create an additional connection to its Darwin liquefied natural gas facility in Northern Australia. Dubbed the Darwin Pipeline Duplication Project, the pipeline extension…

Woodside Energy Group Ltd., one of Australia’s largest energy companies, finalized offtake agreements for U.S. supply from Commonwealth LNG as it expands its own supply obligations to Europe. Woodside Energy, formerly Woodside Petroleum, disclosed Tuesday it has inked two 20-year sale and purchase agreements (SPA) for up to 2.5 million metric tons/year (mmty) of liquefied…

Australia’s largest independent natural gas and oil producers honed in on optimizing value for LNG exports and progressing gas field development projects in the second quarter while navigating domestic supply shortages. The recently renamed Woodside Energy Group Ltd. and Santos Ltd. both reported continued elevated pricing for liquefied natural gas (LNG) despite demand destruction in…

A roundup of news and commentary from NGI’s LNG Insight Russia’s Deputy Prime Minister said Thursday about half of Gazprom PJSC’s clients have opened two bank accounts to facilitate ruble payments for natural gas deliveries. European natural gas prices fell Thursday after fears eased over noncompliance and the possibility of Russia shutting off supplies to…

Stronger commodity prices and sizable mergers helped two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., end 2021 with ballooning sales revenues. Both Australian companies built on the momentum of a stronger than expected 2020 by capitalizing on the market fluctuations of 2021, cashing in big at the end…