Companies & Finance

LNG revenues rise for Woodside despite production drop

Australia’s Woodside Energy reported a rise in revenue between Q1 and Q2 at its two LNG projects, despite a drop in production and a decline in the company’s overall oil and gas revenues.
By Robert Sullivan 18 July 2013 0 2831

Australia’s Woodside Energy reported a rise in revenue between Q1 and Q2 at its two LNG projects, despite a drop in production and a decline in the company’s overall oil and gas revenues.

Revenue from the Pluto and North West Shelf (NSW) plants amounted to $794.9 million in Q2 - a slight increase from the $782.8 million earned in Q1.

Sales revenue from Pluto in particular increase by $28.5 million quarter on quarter, which a spokesperson for Woodside told Interfax was the result of more higher-priced cargoes being delivered...