LNG

Woodside Energy, the leading Australian oil and gas company and LNG operator in the state of Western Australia, has criticised Federal Government moves to intervene in the Australian natural gas market, including with the imposition of price caps, and said the action was likely to make matters worse.

Beach Energy, the Australian exploration and production company set to become the nation’s newest LNG exporter in 2023, said it was continuing to improve natural gas assets at home around the Otway Basin offshore in south Australia and in New Zealand in the Taranaki Basin.