Woodside Energy targets first Scarborough exports this year
- Woodside Energy remains on track to deliver first gas cargoes from its US$12.5 billion Scarborough Project by the end of this calendar year.
- Pluto train two construction reached 98% completion as North West Shelf fields continue depleting.
- Browse development uncertainty lingers while awaiting environmental court decisions and federal gas reservation policy details.
Woodside Energy (ASX:WDS) confirmed its US$12.5 billion Scarborough LNG development remains on track for first exports before the end of this calendar year.
The company is progressing the offshore Pilbara project to backfill depleting processing infrastructure at the nearby Pluto facility.
“We’re getting to the back end of construction and commissioning,” said Woodside Energy Scarborough Senior Vice-President Michael Robinson.
The long-stalled Browse proposal could require up to US$35 billion in capital expenditure if joint venture partners approve development.
Following the announcement, the Woodside Energy share price was unchanged at $33.08.
Recent Australian Bureau of Statistics data showed June quarter national petroleum exploration expenditure rose 24.1% to $583.7 million.
Industry advocates continue lobbying against potential federal domestic gas reservation rules to preserve Western Australia's local market settings.
