Natural gas has a key role to play in transitioning the world to a
low emissions economy. It has the potential to displace higher emitting
fossil fuels and support moves to renewable energy systems.
Australia is well-placed to supply natural gas to Japan, China,
Korea, Taiwan and other emerging markets. This is made possible by
liquefying natural gas so its volume is reduced and the economics of
shipping the product long distances is feasible.
Woodside has been producing and supplying natural gas for more than
20 years, as pipeline gas to local customers and as liquefied natural
gas, or LNG, to global markets.
Recognising the strategic importance of natural gas as a fuel of
choice, it is not surprising that Woodside is a key supplier of pipeline
gas to Australian customers. Woodside’s ambition is to become a global
leader in the supply of LNG to regional markets.
Incorporating sustainable practices and understanding and protecting
the environment is a key business driver at Woodside. We seek to reduce
our environmental footprint in line with our production while delivering
value to our shareholders.
Woodside and its joint venture participants have committed
approximately A$360 million in capital and operational expenditure since
1997. This expenditure is projected to reduce emissions by up to 50
million tonnes of greenhouse gases under business as usual over the
lifetime of the projects.