LNG

Woodside Energy, the operator of the North West Shelf and Pluto liquefied natural gas LNG plants in Western Australia, reported a plunge in third-quarter revenues as LNG prices dropped from the record levels of last year though increased by 6 percent from the previous three months of 2023 as Woodside also suffered a regulatory setback on the Scarborough gas project.

Natural gas and LNG for export fare better that oil and coal in the latest US Annual Energy Outlook as the US Government stated that the Covid-19-related decline in demand for delivered energy was 70 percent more than in the financial crisis of 2008, with some US demand sectors taking up to 10 years to recover to 2019 levels.