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Stock impact report

Woodside Energy Group Strikes Agreement with Western Australia for Higher LNG Exports [Yahoo! Finance]

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS) 
Company Research Source: Yahoo! Finance
Founded in Australia, Woodside Energy Group Ltd (NYSE:WDS) engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and Europe. According to reports on March 17, Woodside Energy Group Ltd (NYSE:WDS) has struck an agreement with the Western Australia government to export around 3 million metric tons more LNG ?in return for providing more gas to the domestic market. The Western Australia state policy requires LNG exporters to reserve around 15% of their output for ?domestic markets to ensure a stable supply for the region. However, despite the long-term policy, the state is expected to face gas shortfalls by the end of the decade. As a result, the government is making efforts to push producers like Woodside to provide more gas to the local market and ensure a stable energy supply. As part of the deal, Woodside Energy Group Ltd (NYSE:WDS) has agreed to supply 23 petajoules of additional gas to t Show less Read more
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