PTT Engages with U.S. LNG Developers for Investment Talks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 53 minutes ago
0mins
Source: seekingalpha
- Investment Talks: Thailand's state-owned oil and gas company PTT is in discussions with U.S. LNG export project developers, including Australia's Woodside Energy, to secure long-term supply and enhance energy security.
- Project Progress: Woodside Energy is constructing the Louisiana LNG export facility, aiming to commence shipments in 2029, and PTT's investment will help secure long-term commitments to meet the rising market demand.
- Market Dynamics: Following disruptions in Middle Eastern supply, buyer interest in Louisiana LNG has surged, as noted by Woodside CEO Liz Westcott, with several Asian importers facing supply challenges and PTT resorting to costly spot cargoes.
- Strategic Implications: The collaboration between PTT and Woodside not only ensures a stable LNG supply but also enhances Thailand's energy security amid global market fluctuations, reducing reliance on expensive spot markets.
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About WDS
Woodside Energy Group Ltd is a global energy company. Its segments include Australia, International, Marketing and Corporate. The Australia segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline gas, crude oil and condensate and natural gas liquids. International segment is engaged in the exploration, evaluation, development, production and sale of LPG, pipeline gas, crude oil and condensate and natural gas liquids in international jurisdictions outside of Australia. Marketing segment is engaged in the marketing, shipping and trading of its oil and gas portfolio. Its projects include Pluto LNG, North West Shelf Project, Woodside Solar, Scarborough Energy Project, Beaumont New Ammonia Project, Sangomar, and others. It holds an interest in Woodside Louisiana LNG, which is an under-construction LNG production and export terminal in Lake Charles, Louisiana. The Sangomar oil and gas is located 100 kilometers south of Dakar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PTT Engages with U.S. LNG Developers for Investment Talks
- Investment Talks: Thailand's state-owned oil and gas company PTT is in discussions with U.S. LNG export project developers, including Australia's Woodside Energy, to secure long-term supply and enhance energy security.
- Project Progress: Woodside Energy is constructing the Louisiana LNG export facility, aiming to commence shipments in 2029, and PTT's investment will help secure long-term commitments to meet the rising market demand.
- Market Dynamics: Following disruptions in Middle Eastern supply, buyer interest in Louisiana LNG has surged, as noted by Woodside CEO Liz Westcott, with several Asian importers facing supply challenges and PTT resorting to costly spot cargoes.
- Strategic Implications: The collaboration between PTT and Woodside not only ensures a stable LNG supply but also enhances Thailand's energy security amid global market fluctuations, reducing reliance on expensive spot markets.
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- Partnership Collaboration: The project will be executed in partnership with the Louisiana Office of State Parks, led by Lieutenant Governor Bill Nungesser, alongside RES and McNeese State University, showcasing a strong collaboration between government and corporate sectors to drive ecological conservation.
- Regional Economic Commitment: Woodside's investments in Louisiana extend beyond ecological projects, as the company and its partners have committed $17.5 billion to the Louisiana LNG Project, further solidifying its economic impact in the region.
- Sustainability Strategy: By implementing this ecological restoration project, Woodside Energy demonstrates its commitment to sustainability, aiming to enhance its corporate social responsibility image while laying the groundwork for future business development.
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- Supply Agreement Signed: Woodside Energy has entered into a sale and purchase agreement to supply Alcoa's Australian refineries with 31.1 petajoules of domestic gas from 2027 to 2030, reinforcing its position in the domestic market.
- Government Approval Extended: This deal follows the Western Australian government's approval last year to extend the operation of the Pluto-Karratha Gas Plant Interconnector, allowing additional Pluto-sourced gas to be processed at Karratha to meet domestic market demand.
- Stable Market Share: Woodside has supplied domestic gas to Western Australia for over 40 years, with its share of the state's natural gas production reaching 90.3 petajoules in 2025, accounting for nearly 21% of domestic gas supply, highlighting its significance in the market.
- Strategic Implications: By collaborating with Alcoa, Woodside not only enhances its domestic supply capabilities but also lays the groundwork for future growth, further strengthening its competitive position in the energy sector.
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ExxonMobil Eyes Woodside Energy for Next Major Acquisition
- Acquisition Potential: ExxonMobil, after completing its $60 billion acquisition of Pioneer Natural Resources, is reportedly considering Woodside Energy, which produced a record 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the liquefied natural gas (LNG) market.
- Project Progress: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia, thereby enhancing its production capacity and market competitiveness.
- Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, showcasing its robust future performance that attracts ExxonMobil's interest.
- Acquisition Challenges: Despite Woodside's market value being around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly as its Louisiana LNG project encounters commercialization challenges, necessitating ExxonMobil to carefully assess the feasibility of such a deal.
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ExxonMobil Pursues Expansion in LNG Business with Potential Woodside Acquisition
- Clear Acquisition Target: Following its $60 billion acquisition of Pioneer Natural Resources, ExxonMobil is reportedly eyeing Woodside Energy, which achieved a record production of 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the LNG market.
- Project Progressing Well: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia and enhancing its competitive edge in the market.
- Optimistic Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, indicating sustainable growth amid rising global energy demand.
- Acquisition Risk Considerations: Despite Woodside's market value of around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly given the commercialization challenges facing its Louisiana LNG project, prompting ExxonMobil to carefully evaluate the feasibility of such a deal.
See More
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- Oil Price Volatility: Following the announcement of a framework for a long-term peace deal between Iran and the U.S., oil prices have dropped 30% from their nearly $113 peak on April 7, indicating market optimism about future supply, which could further impact global energy market stability.
- Positive Market Reaction: The Dow Jones Industrial Average surged above 52,000 for the first time, although it later retreated, reflecting investor expectations surrounding the peace deal, which may boost related energy stocks and enhance market confidence.
- Supply Chain Recovery: JPMorgan reports that oil flows through the Strait of Hormuz increased from 2.9 million barrels per day in May to 5.1 million barrels per day in June, although still at only 25% of pre-war levels, this recovery speed could accelerate global market supply and subsequently affect oil prices.
- Gasoline Price Decrease: The national average gasoline price is expected to fall below $3.50 per gallon within two weeks, with 11 states already below $3.65, providing tangible benefits to consumers and reflecting the positive economic impact of declining oil prices.
See More
PTT Engages with U.S. LNG Developers for Investment Talks
- Investment Talks: Thailand's state-owned oil and gas company PTT is in discussions with U.S. LNG export project developers, including Australia's Woodside Energy, to secure long-term supply and enhance energy security.
- Project Progress: Woodside Energy is constructing the Louisiana LNG export facility, aiming to commence shipments in 2029, and PTT's investment will help secure long-term commitments to meet the rising market demand.
- Market Dynamics: Following disruptions in Middle Eastern supply, buyer interest in Louisiana LNG has surged, as noted by Woodside CEO Liz Westcott, with several Asian importers facing supply challenges and PTT resorting to costly spot cargoes.
- Strategic Implications: The collaboration between PTT and Woodside not only ensures a stable LNG supply but also enhances Thailand's energy security amid global market fluctuations, reducing reliance on expensive spot markets.
See More
Woodside Energy Invests in Biodiversity Restoration Project
- Ecological Restoration Investment: Woodside Energy Group has announced a $5 million investment in a multi-year project to restore over 800 acres of forest habitat at Sam Houston Jones State Park in Louisiana, enhancing the region's biodiversity and environmental quality over the next six years.
- Partnership Collaboration: The project will be executed in partnership with the Louisiana Office of State Parks, led by Lieutenant Governor Bill Nungesser, alongside RES and McNeese State University, showcasing a strong collaboration between government and corporate sectors to drive ecological conservation.
- Regional Economic Commitment: Woodside's investments in Louisiana extend beyond ecological projects, as the company and its partners have committed $17.5 billion to the Louisiana LNG Project, further solidifying its economic impact in the region.
- Sustainability Strategy: By implementing this ecological restoration project, Woodside Energy demonstrates its commitment to sustainability, aiming to enhance its corporate social responsibility image while laying the groundwork for future business development.
See More
Woodside Energy Signs Gas Supply Agreement with Alcoa
- Supply Agreement Signed: Woodside Energy has entered into a sale and purchase agreement to supply Alcoa's Australian refineries with 31.1 petajoules of domestic gas from 2027 to 2030, reinforcing its position in the domestic market.
- Government Approval Extended: This deal follows the Western Australian government's approval last year to extend the operation of the Pluto-Karratha Gas Plant Interconnector, allowing additional Pluto-sourced gas to be processed at Karratha to meet domestic market demand.
- Stable Market Share: Woodside has supplied domestic gas to Western Australia for over 40 years, with its share of the state's natural gas production reaching 90.3 petajoules in 2025, accounting for nearly 21% of domestic gas supply, highlighting its significance in the market.
- Strategic Implications: By collaborating with Alcoa, Woodside not only enhances its domestic supply capabilities but also lays the groundwork for future growth, further strengthening its competitive position in the energy sector.
See More
ExxonMobil Eyes Woodside Energy for Next Major Acquisition
- Acquisition Potential: ExxonMobil, after completing its $60 billion acquisition of Pioneer Natural Resources, is reportedly considering Woodside Energy, which produced a record 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the liquefied natural gas (LNG) market.
- Project Progress: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia, thereby enhancing its production capacity and market competitiveness.
- Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, showcasing its robust future performance that attracts ExxonMobil's interest.
- Acquisition Challenges: Despite Woodside's market value being around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly as its Louisiana LNG project encounters commercialization challenges, necessitating ExxonMobil to carefully assess the feasibility of such a deal.
See More
ExxonMobil Pursues Expansion in LNG Business with Potential Woodside Acquisition
- Clear Acquisition Target: Following its $60 billion acquisition of Pioneer Natural Resources, ExxonMobil is reportedly eyeing Woodside Energy, which achieved a record production of 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the LNG market.
- Project Progressing Well: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia and enhancing its competitive edge in the market.
- Optimistic Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, indicating sustainable growth amid rising global energy demand.
- Acquisition Risk Considerations: Despite Woodside's market value of around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly given the commercialization challenges facing its Louisiana LNG project, prompting ExxonMobil to carefully evaluate the feasibility of such a deal.
See More
Iran Peace Deal Framework Drives Oil Prices Down
- Oil Price Volatility: Following the announcement of a framework for a long-term peace deal between Iran and the U.S., oil prices have dropped 30% from their nearly $113 peak on April 7, indicating market optimism about future supply, which could further impact global energy market stability.
- Positive Market Reaction: The Dow Jones Industrial Average surged above 52,000 for the first time, although it later retreated, reflecting investor expectations surrounding the peace deal, which may boost related energy stocks and enhance market confidence.
- Supply Chain Recovery: JPMorgan reports that oil flows through the Strait of Hormuz increased from 2.9 million barrels per day in May to 5.1 million barrels per day in June, although still at only 25% of pre-war levels, this recovery speed could accelerate global market supply and subsequently affect oil prices.
- Gasoline Price Decrease: The national average gasoline price is expected to fall below $3.50 per gallon within two weeks, with 11 states already below $3.65, providing tangible benefits to consumers and reflecting the positive economic impact of declining oil prices.
See More
