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Woodside explores $12 billion Australian gas project

 Last Update: 2022-05-08
 Source: Internet
 Author: User

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Australia's largest natural gas exporter is exploring new investments in addition to the $12 billion Scarborough development approved last year, BNN Bloomberg reported on April 26

Neill, chief executive of Perth-based Woodside Petroleum, said in an interview that the most competitive was the developer of the Browse project

"The industry has been under-invested over the past few years," O'Neill said by phone.

Europe is expected to increase LNG imports to reduce its reliance on pipeline fuels, which will outweigh the extra supply and keep prices high

Neil said the proposed merger with BHP Group's oil and gas business could also help unlock investment in fields outside Australia

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