Australia's Woodside to boost North America LNG purchases 5-fold

HOUSTON, Texas -- Australia's Woodside Energy Group plans to significantly step up liquefied natural gas (LNG) purchases from North America, as rising costs and other issues make procurement in its home market more challenging.

The company currently procures LNG from a project in Texas, and plans to start buying from Louisiana in around 2028 and Mexico's west coast in around 2029. It expects to source 4.7 million tonnes of LNG annually from North America at that point, five times current levels and equivalent to almost half the capacity of the production rights it holds in Australia.