Woodside Energy Shares Gain on Scarborough LNG Milestone
Woodside Energy (WDS.AX) shares rose nearly 1% as the arrival of its Scarborough LNG project's floating production unit buoyed investor confidence. The stock closed at A$23.58, reflecting cautious Optimism amid ongoing leadership transitions.
The 70,000-tonne production unit completed a 4,000-nautical-mile journey from China to Western Australia, keeping first LNG cargo deliveries on track for late 2026. Interim CEO Liz Westcott emphasized progress in hook-up and commissioning phases during the executive transition period.
Market observers are monitoring Brent crude trends and Woodside's upcoming quarterly results for broader energy sector signals. The Scarborough development remains pivotal to the company's LNG expansion strategy in competitive global markets.
