Woodside CEO Peter Coleman has outlined the company’s business strategy going forward, with an emphasis on preparing for a shifting global LNG market, a stronger focus on short-term growth projects, and the possibility of seeking an enterprise migration agreement for its Browse LNG Development, located north of Broome, Western Australia.
Mr Coleman has publically indicated that Woodside is preparing for the fact that the United States will soon start exporting LNG, and the increased likelihood that Qatar will redirect LNG cargoes from European markets to Asia.
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In the wake of the recently completed Pluto LNG Project, as well as the ongoing Browse and Sunrise LNG development projects, Mr Coleman said “We need to find opportunities to bring value to shareholders in the short-to-medium term while we progress some of those long-term projects as well."
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Image caption: An image of Woodside's recently completed Pluto LNG Project.