Woodside

Australia Looks to Couple Natural Gas Development With Net-Zero Goals

Australia Looks to Couple Natural Gas Development With Net-Zero Goals

Australia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050. The latest plan assures global energy partners and foreign investors that the Australian government is a committed, reliable supplier of liquified natural gas. “It is…

May 17, 2024
Woodside Lands Additional Scarborough Customer with Kogas Supply Agreement

Woodside Lands Additional Scarborough Customer with Kogas Supply Agreement

As its work on the Scarborough LNG project progresses, Woodside Energy Group Ltd. has netted another major Asian customer for the expansion, this time signing on the world’s largest single importers of liquefied natural gas. Woodside has inked an agreement with Korea Gas Corp. (Kogas) to supply 0.5 million metric tons/year (mmty) of LNG on…

February 29, 2024
Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Inks Equity, Offtake Agreements for Woodside’s Scarborough LNG Project

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production. Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an…

February 26, 2024
Mexico Pacific Nears Sold-Out Capacity for Saguaro LNG with Woodside SPA

Mexico Pacific Nears Sold-Out Capacity for Saguaro LNG with Woodside SPA

Woodside is further diversifying its LNG portfolio with more U.S.-sourced gas from a new supply agreement with Mexico Pacific Ltd. (MPL), tallying another major offtaker for the proposed Mexican terminal. Woodside has inked a 20-year, 1.3 million metric ton/year (mmty) sales and purchase agreement (SPA) for offtake from the Saguaro Energia LNG terminal on a…

December 6, 2023
Australian LNG Projects in ‘Urgent Need’ of Regulatory Reform to Secure Domestic Supply, Woodside CEO Says

Australian LNG Projects in ‘Urgent Need’ of Regulatory Reform to Secure Domestic Supply, Woodside CEO Says

Woodside Energy Group Ltd. reported one of its projects to expand Australian LNG exports is almost half done, but CEO Meg O’Neill said the country’s regulatory process could be undercutting the firm’s ability to secure foreign investment and domestic natural gas supply. As part of the firm’s third quarter earnings release, O’Neill said construction activity…

October 24, 2023
Natural Gas Players Look Past Short-Term Risk to Long-Term Supply Gap with Flurry of Deals – LNG Recap

Natural Gas Players Look Past Short-Term Risk to Long-Term Supply Gap with Flurry of Deals – LNG Recap

Global natural gas markets were tepid Tuesday despite growing risks of Australian LNG work stoppages. While the global natural gas community gathered in Singapore for the start of the Gastech 2023 conference, workers at Chevron Corp.’s Gorgon and Wheatstone liquefied natural gas terminals disclosed plans for walkouts. Representatives for the Offshore Alliance said workers could…

September 5, 2023
Woodside Reviews Closing One NWS LNG Train on Falling Natural Gas Volumes

Woodside Reviews Closing One NWS LNG Train on Falling Natural Gas Volumes

Woodside Energy Group Ltd. is considering whether to take one of the five LNG trains connected to its North West Shelf (NWS) Project offline as it works to attract more third-party natural gas partners. In its half-year results, Australia’s largest energy company disclosed the NWS partnership was assessing the cost saving benefits of placing one…

August 23, 2023
Australia Labor Talks to Prevent LNG Terminal Strikes Seen Continuing for Days

Australia Labor Talks to Prevent LNG Terminal Strikes Seen Continuing for Days

Talks to avert strikes at three LNG export facilities in Western Australia are expected to stretch into next week after negotiations between the labor unions, Chevron Corp. and Woodside Energy Group Ltd. have made little headway. Discussions were scheduled to continue next Wednesday (Aug. 23) in order to give both sides time to consider what…

August 17, 2023
Commonwealth LNG Targets Early 2024 FID After Kimmeridge Equity Agreement

Commonwealth LNG Targets Early 2024 FID After Kimmeridge Equity Agreement

Commonwealth LNG LLC disclosed it has reached a milestone in the development of its 9.3 million metric ton/year (mmty) proposed natural gas export facility in Cameron Parish, LA with a combined equity, offtake and feed gas supply agreement. Houston-based Commonwealth said it has closed an agreement with Kimmeridge Energy Management Co. LLC for a minority…

August 14, 2023

TTF Prices Surge as Strikes Loom at Australian LNG Export Terminals – The Offtake

Labor unions in Australia have escalated negotiations with Woodside Energy Group Ltd. and Chevron Corp. by voting overwhelmingly to go on strike if necessary. Strikes haven’t started, but the Australia Workers’ Union and Maritime Union authorized protected industrial action. The move sets the stage for potential work stoppages that could put nearly 10% of global LNG capacity at risk of shutting down.

August 9, 2023
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