"The processing of gas from the offshore Pluto fields has...

"The processing of gas from the offshore Pluto fields has commenced ahead of schedule at the North West
Shelf Project’s (NWS) Karratha Gas Plant (KGP). This accelerated production of Pluto gas has been enabled
by the start-up of the Pluto-KGP Interconnector (Interconnector).

The Interconnector is a 3.2 kilometre pipeline which connects Pluto LNG with KGP, providing access for
other resource owners’ gas to be processed at KGP. The start-up of the Interconnector supports the
accelerated production of gas from the first phase of Pluto’s Pyxis Hub by enabling it to be processed at
KGP. Ready for start-up was achieved for the first phase of Pyxis Hub in October 2021.

KGP is expected to process approximately 2.5 million tonnes of LNG in aggregate and approximately
20 petajoules of domestic gas from Pluto in the period 2022 to 2025. This follows the exercise by Woodside
Burrup Pty Ltd of a contract reduction option under the gas processing agreement it entered into with the
NWS Project participants in December 2020.

Woodside CEO Meg O’Neill said the accelerated production from the offshore Pluto fields through the
Interconnector is a significant achievement."

And yet the WPL share price is still below pre COVID levels. Very strange.