Yes and this shoudn't be a suprise to anyone here because the government (and AEMO) has been pretty consistent in that messaging regarding gas being a massive role in our domestic energy transition. It's just common sense really because other methods of quick (on demand) dispatchable energy take decades to build and we need hundreds of those projects (Such as a project like Kidson Pumped Hyrdo) to fill the gap. Gas not only fills the dispatchable "peak" problem, but also can add to base capacity too.
Woodside changing to position themselves as a leader in gas doesn't happen overnight but it has been a fantastic move (IMO) because they already have well established markets in Asia but there's an opportunity to supply more gas into the domestic market.
WDS Price at posting:
$22.65 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)