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 Asia and steady production.

More Gas from Pluto

Woodside CEO Meg O’Neill said the company’s LNG production gained a boost during the second quarter, thanks to “accelerated Pluto gas transported through the Pluto-Karratha Gas Plant Interconnector.” Woodside recorded LNG production from Australian assets of 19.8 million boe in 2Q2022, up from 18 million boe year/year. LNG production was...