Business
Woodside strikes record LNG price – The Australian Financial Review
The oil and gas producer is benefiting from an unprecedented surge in LNG prices in North Asia but has disappointed some analysts with its 2021 output guidance.
Shares in Woodside were down 0.8 per cent at $27.18 just after midday.
The lower production guidance for 2021 offset “strong” sales in the December quarter, said RBC Capital Markets analyst Gordon Ramsay. He had been estimating 2021 production of 100.7 million barrels of oil equivalent, but Woodside noted output this year would be affected by maintenance shutdowns at two production trains at North West Shelf LNG in the third and fourth quarters.
Mr Coleman, who said last month that he would retire…
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