Some of the world's biggest suppliers have responded to shifts in the LNG business by investing in floating storage and regasification units (FSRUs) and even power plants, seen as a game-changer in opening up new markets. But not all sellers are entirely convinced. Australian LNG specialist Woodside, for one, remains wary of venturing outside its comfort zone and is instead focused on positioning itself as a low-cost producer. The company, which operates the Northwest Shelf (NWS) and Pluto projects in Western Australia, continues to look at FSRUs and potentially power generation. But "our business is not as an FSRU owner and developer," CEO Peter Coleman said on last week's first-half earnings call. "Our business is. around producing and selling LNG. That's where we want to make sure our capital is deployed."
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