Woodside expects ‘robust’ LNG demand in 2026
Woodside advances Scarborough/Pluto Train 2 project
The Australian gas development appears to be back on track despite last year’s FID postponement
Australian producer Woodside expects its integrated Scarborough gas/Pluto Train 2 LNG development to deliver its first cargo in 2026. The company has also expanded the scheme’s offshore production capacity. Woodside expects to make FID on Scarborough later this year, after deferring the decision amid the market turmoil of 2020. The project’s budget has also been expanded by 5pc, to $12bn, and now includes plans to increase Scarborough’s offshore production capacity to 8mn t/yr, compared with 6.5mn t/yr, with the addition of another well. Pluto Train 2 will still have a capacity of around 5mn t/yr, but the existing Pluto Train 1 will be modified to process Scarborough gas. The Australian pr
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
