Woodside expects ‘robust’ LNG demand in 2026
Woodside advances Scarborough/Pluto Train 2 project
The Australian gas development appears to be back on track despite last year’s FID postponement
Australian producer Woodside expects its integrated Scarborough gas/Pluto Train 2 LNG development to deliver its first cargo in 2026. The company has also expanded the scheme’s offshore production capacity. Woodside expects to make FID on Scarborough later this year, after deferring the decision amid the market turmoil of 2020. The project’s budget has also been expanded by 5pc, to $12bn, and now includes plans to increase Scarborough’s offshore production capacity to 8mn t/yr, compared with 6.5mn t/yr, with the addition of another well. Pluto Train 2 will still have a capacity of around 5mn t/yr, but the existing Pluto Train 1 will be modified to process Scarborough gas. The Australian pr
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
