Interesting Q&A. Big players such as BlackRock directed their questioning with particular focus on China, pricing , stability and long term contracts. Meg and the team responded solidly, outlining the forecasting demand for China LNG will remain significant and are expecting significant uptake to remain in the near and long term. Outlined buyers preference to sourcing multiple Gas suppliers from a diversification perspective and that Woodside would continue to provide. A number of new buyers onboard from South East Asia ( Philippines) and other European countries (Germany, Poland) are engaging Woodside. Europe’s appetite for Russian gas has significantly dropped, uptake for Driftwood to benefit.
Driftwood was discussed, Woodside has a number of stakeholders and long term partners with strong interest to partake when compliance formalities are completed. Need an overall FID before pricing for the market. Woodside increasing shipping fleet in time for Scarborough, gives Woodside a significant advantage to market fluctuations.
WDS Price at posting:
$24.10 Sentiment: None Disclosure: Held
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(20min delay)