WDS 0.14% $28.21 woodside energy group ltd

The cost blow-outs on all the LNG projects currently under...

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    The cost blow-outs on all the LNG projects currently under construction are approaching 50%.
    This could mean that Browse will be uneconomic as stand alone, and as you say - piping to NWS may be the only viable cost effective option.

    I am so glad that WPL got Pluto built when it did. The cost blow-outs must make 3rd party gas at Pluto a much better option for the gas owners as WPL has the infrastructure already in place. They would be doing “build my own and factor in delays and 50% price increase or go with WPL and get to market earlier and reduce the risk. Yes, the reward would be smaller, but so would the risks.” WPL, by waiting, has probably strengthened it’s bargaining position.

    HT1
 
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