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Australian Financial Review

Woodside revenue tops $6 billion in June quarter as Strait of Hormuz disruption hits Louisiana LNG build

AI Market Summary
Woodside's Louisiana LNG project faces supply-chain risk after Strait of Hormuz shipping disruption forced a switch in UAE steel sourcing, highlighting potential construction delays and tighter LNG capacity timelines. At the same time, Middle East conflict-driven energy price strength lifted Woodside's June-quarter revenue above $6bn and realized prices to ~$85/bbl, reinforcing near-term support for gas-linked benchmarks via heightened geopolitical risk premium.
Impact level
● Medium
Affected assets
NCCO7241NATGAS2USD/USDT-2.24%
AI Insight · NCCO7241NATGAS2USD/USDTAI Insight
▲ Bullish
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Woodside Energy has had to switch steel suppliers in the United Arab Emirates to keep its large Louisiana LNG project on schedule after shipping through the Strait of Hormuz was disrupted. Higher oil and gas prices driven by the Middle East conflict lifted the company’s June-quarter revenue to $6 billion. The average price it received for oil and gas rose to $85 a barrel over the same period.
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