LNG

July 21 (LNGJ) - Australian energy company Woodside said its one-sixth share of second-quarter LNG sales revenue from the six-Train North West Shelf plant in Western Australia was down around 25 percent and amounted to US$152.8 million compared with US$200.3M in the same quarter a year ago. The nearby single-Train Pluto LNG plant, which Woodside operates alone, posted a second-quarter rise in sales revenue to US$449M compared with $US346M in the same three months of 2015. Woodside Chief Executive Peter Coleman said that the business was performing well in a challenging environment. “Lower sales revenue for the quarter largely reflects the three month lag in oil-linked LNG contract pricing structures. We will see higher realised LNG contract prices reflected in the third quarter,” Coleman said.