Skip to main content

Woodside plans to boost LNG output

Published by
LNG Industry,


According to multiple sources, Woodside Petroleum Ltd. is positioning to lift gas-export capacity in coming years in expectation that rising supplies of LNG will be absorbed by higher Asian demand.

Woodside announced on 22 February that it is planning to increase production at its Pluto LNG plant in Western Australia and potentially position the facility as a hub for undeveloped gas fields in the region.

Woodside's profit rebounded last year, jumping to US$868 million after being almost wiped out the year before by US$1.1 billion in asset impairments and charges following the slump in prices.

Woodside intends to first tap existing gas supplies around its Pluto operation and drive its production hard to lift output. It also will consider adding another smaller-scale production line at the facility and will lobby for gas from the undeveloped Scarborough and Browse fields off west Australia to be funneled through Pluto's operations.

A new production line could be added quickly to Pluto, lifting output by as much as 1.5 million metric tpy.

Read the article online at: https://www.lngindustry.com/liquefaction/22022017/woodside-plans-to-boost-lng-output/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

LNG Industry is not responsible for the content of external internet sites.