Woodside Energy Group Ltd Stock in Focus After LNG Strike Threat, Inpex Browse Deal
Woodside Energy Group Ltd is under new industrial strain at its Karratha gas plant and Pluto LNG sites in Western Australia, after the Offshore Alliance union said certain staff are set to strike starting Wednesday. LNG, or liquefied natural gas, is shipped as a liquid after being cooled. The union also reported that negotiations with Inpex over its Ichthys LNG plant in Darwin have broken down, adding further strain to Australian gas exports. The numbers are substantial: Bloomberg puts Karratha’s export capacity near 14 million tonnes per year, Pluto around 5 million, and notes a second Pluto train—similar in size—is being built. According to the report, Asian buyers are already scrambling for cargoes after disruptions in the Middle East limited