Platts: Australia's Woodside Eyes Equity in Asian LNG Receiving Terminals

Australia's Woodside Petroleum is considering acquiring equity in LNG receiving terminals across Asia, Reinhardt Matisons, the company's executive vice president of marketing, trading and shipping, said Thursday, May 21.

"With a growing portfolio and greater potential for us to have short-notice cargoes on our hands, we need to continue to build optionality into our portfolio sales arrangements," Matisons told an investor briefing in Melbourne.

"So in addition to just contractual flexibility, we're looking for optionality through acquiring equity capacity rights in receiving terminals." Woodside estimates there are currently 60 receiving terminals across Asia Pacific, with another 40 under construction.

As a result, terminal capacity in the region will rise to 528 million mt by 2025. MORE