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Details thin on Scarborough’s Australia LNG development

April 14, 2021

Energy Voice:

Investors are in the dark about the financial implications of emissions from Woodside Petroleum’s proposed Scarborough liquefied natural gas (LNG) development at the North West Shelf offshore Western Australia, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Woodside has yet to release its carbon price sensitivity modelling, finds a new report by Sydney-based analysts at IEEFA. With the Australian Stock Exchange (ASX) enforcing continuous disclosure provisions, gas companies must release modelling on carbon price sensitivity, said the IEEFA.

IEEFA analyst Bruce Robertson said that gas companies, such as Woodside, must be pushed by the ASX into disclosure of their modelling. Anglo-Australian giant BHP also owns a share of the Scarborough project.

“Carbon pricing is inevitable in Australia,” said Robertson. 

[Damon Evans]

More: Emissions and Qatar are neglected risks in Woodside’s Scarborough LNG project

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