Woodside identifies upside amid buyer-seller tension

摘要

Australia’s largest LNG operator Woodside Petroleum faces surging development costs at its new projects in Western Australia and a dispute with East Timor’s government that has stalled its Sunrise LNG project.Chief executive Peter Coleman delayed a decision late last month to buy into the Leviathan LNG export project off the coast of Israel,which requires agreement on fiscal terms with the Israeli government.And just as a wave of new LNG supply sources come onto Asia-Pacific markets,the region’s largest buyers are reconsidering their demand targets.Argus interviewed Coleman in Seoul last month after the Gastech conference,where LNG buyer-seller tensions took centre stage.