Woodside on track for investment approvals on new LNG projects

Woodside on track for investment approvals on new LNG projects

Australian LNG developer Woodside (ASX:WPL) said today that it is on track for a targeted final investment decision (FID) on the Scarborough and Pluto Train 2 developments before the end of this year. The company is also benefitting from strong liquefied natural gas (LNG) prices.

“The proposed Scarborough and Pluto Train 2 equity sell-downs are progressing well, and timing of the Pluto Train 2 sell-down is aligned with the targeted FID later this year,” said Woodside.

“An important milestone has been achieved with the issue of a limited notice to proceed to Bechtel for Pluto Train 2, enabling engineering and procurement activities to progress, as well as the commencement of early works for the temporary construction accommodation village in Karratha,” added the Perth-based company.