The state-owned utility needs to replace the generation capacity it will lose by closing down all its coal-fired power stations over the next four years.
Australia is the one of the world's biggest producer of liquefied natural gas. The North West Shelf, Pluto, Gorgon, Wheatstone, Prelude and Ichthys LNG projects source their gas from the waters off WA.
Shell's giant $US17B Prelude floating LNG is late, expensive, dirty and so far unreliable. An exclusive look at how a failed investment for Shell is a terrible deal for Australia.
If Scarborough, considered the most economic of Woodside's two projects, was uncompetitive before LNG prices crashed then plans will have to change on the Burrup Peninsula.
New WA projects will need to publish plans for net-zero emissions by 2050 as the WA Environmental Protection Authority ends a year-long battle with LNG industry.
Shell's Prelude floating LNG will keep burning excess gas during a production shutdown of many months, adding to its already high initial carbon footprint.
Woodside has told investors it can afford to bury CO2 from its Browse LNG project just months after telling regulators it was a "high-risk, high-cost" option.
Woodside had planned for 2020 and 2021 to be years of growth but now the Scarborough and Browse LNG projects are deferred and $US20.4 billion slashed from this years' budget as it joins its peers in survival mode.
Shell's Prelude floating LNG, already besieged with safety and reliability issues, has produced 2.3 million tonnes of greenhouse gases for one cargo of LNG.
WA LNG producers Woodside and Chevron, beset by low prices and COVID-19 work restrictions, are maintaining dividends to shareholders and gas to customers as they shed workers, with unions describing Woodside’s actions as “brutal, cold, and unnecessary.”
