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.

Australian liquefied natural gas producer Woodside Petroleum recovered from a disastrous 2019 second quarter with a jump in third-quarter LNG revenue because the Pluto plant was back on line, though earnings were still lower than the third quarter of 2018.