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Cyclone, outages cut Australia’s Woodside output in 1Q

  • Spanish Market: Natural gas
  • 23/04/25

Australian independent Woodside Energy's LNG output dropped in January-March, because of Cyclone Zelia and the retirement of its North West Shelf's (NWS) 2.5mn t/yr train 2 in late 2024.

Woodside's overall LNG production fell by 14pc from 231,200 b/d in October-December to 213,900 b/d in January-March (see table).

LNG production at Woodside's 14.4mn t/yr NWS project fell by 22pc on the year to near a three-year low of 71,100 b/d of oil equivalent (boe/d) in January-March, as category 5 storm Cyclone Zelia hit the WA coastline in early February.

Woodside's chief officer Meg O'Neil is calling for certainty on the continuation of operations at NWS beyond 2030, as the firm has yet to receive federal consent, after receiving state government approval late last year.

The decision lies with whomever forms government following the federal election on 3 May.

Woodside's 4.9mn t/yr Pluto LNG project offshore Western Australia's production dropped by 11pc on the year to 115,000 b/d in the January-March quarter, because of three unplanned outages, which caused days-long shutdowns.

This comes after a previous unplanned outage in November 2024 caused by a faulty control system, which halted LNG production for seven days. The cause of the outage is under investigation and the company said it will continue to monitor the facility to minimise the risk of future unplanned outages.

Woodside's 13pc interest in Wheatstone remained steady, with production up by 3pc on the year to 26,900 b/d in January-March, from 26,200 b/d in the same period a year earlier.

Woodside LNG production (mn boe)
NWSPlutoWheatstone*Total
Jan-Mar '256.410.42.419.2
Oct-Dec '247.111.22.520.8
Jan-Mar '248.211.82.422.3
202429.446.79.385.5
202332.845.610.288.6
y-o-y % ±-21.9-11.32.8-7.5
q-o-q % ±-10.1-7.1-1.5-13.7
*Woodside controls a 13pc interest in Wheatstone LNG

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23/05/25

Japan’s Japex buys stake in Indonesian Gebang gas block

Japan’s Japex buys stake in Indonesian Gebang gas block

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Australia’s Origin lowers LNG price in Sinopec contract


23/05/25
23/05/25

Australia’s Origin lowers LNG price in Sinopec contract

Sydney, 23 May (Argus) — Australian utility Origin Energy has cut the contracted sales price of gas from its Australia Pacific LNG (APLNG) project to China's state-owned energy firm Sinopec, pushing down its earnings guidance for the 2024-25 financial year by A$55mn ($35.4mn). Australian producer APLNG — in which Origin holds a 27.5pc stake — adjusted the pricing terms of its long-term supply contract with Sinopec following a pricing review, the company said on 23 May. The new pricing terms are backdated to 1 January 2025. Origin has not disclosed the new pricing terms of APLNG's contract with Sinopec, but said that the price review resulted in a "reduction in the JCC-linked contract slope", referring to the Japan Crude Cocktail (JCC) reference price against which it sells APLNG cargoes. APLNG supplies Sinopec with 7.6mn t/yr of LNG from its 9mn t/yr Curtis Island terminal. APLNG's deal with the Chinese refiner is priced on a fob basis. APLNG and Sinopec began their price review in October 2024 under the terms of their supply agreement. The contract's pricing structure can be reviewed again in 2030 at APLNG's discretion, Origin said on 23 May. Origin's average realised LNG price reached $12.20/mn Btu in October-December 2024, up from $11.88/mn Btu a year earlier, the company said in late January. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil senate passes environmental licensing bill


22/05/25
22/05/25

Brazil senate passes environmental licensing bill

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Iraq signs integrated energy deal with China’s Geo-Jade


22/05/25
22/05/25

Iraq signs integrated energy deal with China’s Geo-Jade

Dubai, 22 May (Argus) — Iraq's oil ministry has signed an agreement with China's Geo-Jade Petroleum and local firm Basra Crescent to expand the capacity of the 20,000 b/d Tuba oil field and develop a suite of downstream and power assets, in a move that mirrors recent integrated energy deals with international partners. A key component of the South Basrah Integrated Energy Project will be to raise Tuba's production capacity to 100,000 b/d, oil minister Hayan Abdulghani said at the signing ceremony in Baghdad on 21 May. The project will also include processing of up to 50mn ft³/d of associated gas. Downstream components include a 200,000 b/d refinery, a 620,000 t/yr petrochemical plant and a 520,000 t/yr fertilizer facility. A 650MW thermal power plant and a 400MW solar plant will also be part of the project, Abdulghani said. No financial details or project timelines were disclosed. The agreement marks a further step in Geo-Jade's expansion in Iraq, following its successful participation in the country's fifth and sixth licensing rounds. While the company now holds multiple upstream assets in Iraq, it has yet to bring any into production. The deal follows a similar multi-billion dollar agreement signed with TotalEnergies in 2023 , which bundled gas processing, water treatment and solar power with development of the Ratawi field. In February this year, BP signed a major upstream deal with Iraq that also includes power, water and potentially exploration. By Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

India's Petronet LNG delays Dahej terminal expansion


22/05/25
22/05/25

India's Petronet LNG delays Dahej terminal expansion

Mumbai, 22 May (Argus) — India's state-run LNG terminal operator Petronet LNG has delayed commissioning the 5mn t/yr capacity addition at its Dahej terminal to September, from the previous March deadline, chief executive officer Akshay Kumar Singh said in a press conference this week. The expansion will take the entire capacity of the terminal to 22.5mn t/yr. The firm has cited several challenges, including logistics and recent security concerns owing to cross-border tensions between India and Pakistan, for causing the delay. Petronet commissioned two storage tanks , each with a capacity of 180,000m³, at Dahej in September last year, taking the total to eight storage tanks. The company is also in the process of building a 2.5km jetty that can accommodate Q-Max LNG tankers as well as receive propane and ethane, besides LNG at its upcoming petrochemical plant. Petronet has also announced plans to build a new 5mn t/yr import facility at Gopalpur on the country's east coast, with commissioning expected by 2027. But the project also faces delays for land acquisition, because it shifted plans to a land-based terminal from the previous floating, storage and regasification unit. Petronet would also have to get the project registered and approved by India's Petroleum and Natural Gas Regulatory Board under the new LNG terminal registration law, which will further add to costs and delays. It will take 3-4 years from receipt of all approvals to complete the project, Petronet officials said in an analysts' call back in October 2024. By Rituparna Ghosh Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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