Woodside Energy

Woodside Energy takes energy security seriously and is committed to increasing domestic gas supply on the East Coast. Woodside and its Joint Venture Partners are investing more than half a billion dollars to bring new supply online through the Bass Strait fields. Every molecule of gas Woodside supplies from the Bass Strait fields is sold into the Australian domestic market for local manufacturers, power generators and homes. You can learn more on our website: https://bit.ly/4kBiLaz

Woodside is proud to support the Senegalese community. We have partnered with local authorities to distribute food kits to 1,000 vulnerable families across the Fatick region. Taking place during the months of Ramadan and Lent, this partnership underscores the power of interfaith unity and the vital role of community support in Senegal. This initiative reflects our commitment to strengthening the communities in which we operate.

Last week, Jamie Stewart Head of CCS presented and spoke on a panel at EXA - Energy Exchange Australia Conference in Perth. Jamie spoke to the importance of carbon capture and storage (CCS) in decarbonising industry in Western Australia, as well as the role of regional collaboration in potential pathways to strengthening the CCS value chain. "We believe CCS will be essential to the decarbonisation and longevity of industry in the Pilbara region. It could provide benefits to the local community such as jobs and a strengthened economy. And it could provide a local solution for large-scale emissions reduction targets to help achieve our climate strategy."

The Gippsland Basin Joint Venture is investing in the development of new supply to deliver much-needed gas to south-eastern Australia ahead of winter 2027. Woodside Executive Vice President and Chief Operating Officer Australia Liz Westcott said that when the AU$350 million Turrum Phase 3 Project comes online, it would supply four times more gas than Queensland supplied to the southern states in 2024. “Woodside is committed to supplying as much gas as we can to market through projects like this one,” Ms Westcott said. “The Turrum Phase 3 project, and the recently approved Kipper 1B project, will unlock additional gas that is needed to avoid future shortfalls. Every molecule of gas Woodside supplies from the Bass Strait fields is sold into the Australian domestic market for local manufacturers, power generators and homes.” The Gippsland Basin Joint Venture is a 50-50 joint venture between Esso Australia Resources Pty Ltd (a subsidiary of ExxonMobil Australia and New Zealand) and Woodside Energy (Bass Strait) Pty Ltd, operated by Esso Australia.

Our Executive Vice President and Chief Commercial Officer Mark Abbotsford has been at CERAWeek and was invited to join the conversation on Global LNG: How big? How fast? Moderated by S&P Global Shankari Srninivasan and joined by panelists, Yuya Hasegawa from the Ministry of Economy, Trade and Industry and Peter Haas of Excelerate Energy, the discussion centered on how the global LNG market is experiencing a surge in demand, driven by its ability to meet diverse energy needs worldwide. Mark used the opportunity to highlight how one of our newest development opportunities, Louisiana LNG, which has the potential to deliver long-term value creation for Woodside and our potential partners, and new LNG supply for customers across both the Pacific and Atlantic basins.

Great work Chamber of Commerce and Industry WA on your work highlighting the critical role of gas in Western Australia.

Woodside would like to express our gratitude to Luz Elena González Escobar, Secretaría de Energía of the Government of Mexico for the productive meeting with our CEO Meg O’Neill, and the Woodside team at CERAWeek. Meg reaffirmed Woodside's strong commitment to the development of Mexico's energy goals and dedication to progress the Trion project, in close collaboration with our partner, Pemex. The Secretary was accompanied by Laila Porras, General Director of International Affairs at Secretaría de Energía and Eréndira Corral, General Director of CFEnergía and CFE International LLC .

Great to see Madeleine King at our Woodside stand at the EXA - Energy Exchange Australia in Perth this week. The Federal Minister for Resources came to say hello following her keynote speech to the convention in which she outlined the Australian Government's efforts to expand the national energy and resources sector. Minister King spoke of how Western Australia is the engine room of the Australian economy and highlighted the role natural gas has to play in the energy transition. You can access the speech in full here: https://bit.ly/4inoWgS

We had a strong kick-off to CERAWeek with Woodside’s Tony Cudmore, EVP Sustainability, Policy & External Affairs, joining fellow industry leaders and S&P Global's Dr. Atul Arya for a roundtable discussion centered on how access to energy for the Global South can improve prosperity and reduce environmental impacts. "Ensuring the Global South has access to affordable and reliable energy is critical to improving living standards," said Cudmore. "At Woodside we believe that the supply of Liquefied Natural Gas can not only help drive economic growth but also support decarbonisation, providing a win-win for emerging and developed economies alike."

The North West Shelf Project has supplied 40 years of gas to the Western Australian market, supporting reliable and affordable energy to WA homes and businesses. Since 1984, the project has supplied over 6,000 petajoules to Western Australia. If used just for household electricity, this amount of gas is enough to power homes in cities like Perth for approximately 175 years. Find out more here: https://bit.ly/3DsKRUA