What is the updated total capital cost of Woodside Energy's Browse LNG project, and how does it compare to the previous estimate?

The updated total capital cost of Woodside Energy's Browse LNG project is A$48.7 billion ($35.2 billion), according to a Deloitte economic impact assessment commissioned by Woodside and released recently. This represents a significant increase from the previous estimate of A$27.3 billion in 2019. The rise is attributed to the addition of a major carbon capture and storage (CCS) component in 2023, as well as updated assumptions and a different base year used in the new estimate.

What are the key environmental concerns and regulatory developments surrounding the Browse LNG project?

Environmental groups oppose the Browse LNG project due to its potential threat to the nearby Scott Reef, which is home to endangered pygmy blue whales and green turtles. The project’s progress has already been delayed by environmental approvals and negotiations over a processing agreement. Australia’s environment department is expected to deliver final advice to the government on whether to approve or reject the project as soon as next month, according to public broadcaster ABC.

Woodside Energy's delayed Browse LNG project expected to cost $35 billion

May 10, 2026

Woodside Energy revised its Browse LNG project costs to A$48.7 billion due to delays and added carbon capture components. The project, involving partners like BP and PetroChina, awaits final environmental approval.

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