Woodside Energy Signs Long-Term LNG Agreement with Turkey's BOTAŞ for 0.5 Million Tons Annually
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Long-Term Partnership: Woodside Energy's long-term sale and purchase agreement with Turkey's state-owned BOTAŞ will deliver approximately 0.5 million tons of liquefied natural gas (LNG) annually, equivalent to about 5.8 billion cubic meters of natural gas, marking a significant deepening of cooperation in the LNG value chain.
- Strategic Milestone: This agreement represents Woodside's first long-term LNG supply arrangement with the Turkish market, highlighting a key step in the company's global expansion and showcasing the strength and flexibility of its diversified portfolio.
- Supply Source: The LNG will primarily be sourced from the under-construction Louisiana LNG facility in the United States, ensuring stability and sustainability of supply, which further strengthens Woodside's competitive position in the global market.
- Management Transition: Woodside announced that CEO Meg O'Neill will step down on December 18, 2025, with Liz Westcott appointed as acting CEO, which may impact the company's future strategic direction and execution capabilities.
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Analyst Views on WDS
Wall Street analysts forecast WDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDS is 26.00 USD with a low forecast of 26.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 17.670
Low
26.00
Averages
26.00
High
26.00
Current: 17.670
Low
26.00
Averages
26.00
High
26.00
About WDS
Woodside Energy Group Ltd is a global energy company. Its segments include Australia, International and Marketing. 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 in Australia. International segment is engaged in the exploration, evaluation, development, production and sale of 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, the North West Shelf Project, Macedon, Sangomar, the lower carbon ammonia project in Texas, and others. It holds an interest in Woodside Louisiana LNG, which is an under-construction LNG production and export terminal in Calcasieu Parish, Louisiana. The Sangomar, containing both 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.
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Woodside Energy Q4 Revenue Declines 12.6% Amid Seasonal Challenges
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