Woodside Energy Gains on U.S. LNG Export Extension Amid Leadership Transition
Woodside Energy shares climbed 2.19% following a regulatory reprieve from Washington. The U.S. Department of Energy granted a 44-month extension for Louisiana LNG export commencement, easing timing constraints on the $12 billion project.
Investors welcomed the decision as reducing execution risk for Woodside's flagship North American development. The extension alleviates pressure from potential construction delays and permit expirations that had weighed on the stock.
Uncertainty persists in the C-suite following CEO Meg O'Neill's departure. Analysts note the board appears committed to maintaining strategic continuity until a permanent appointment in 2026.
Market consensus suggests 15-20% upside potential, though valuations diverge sharply. Bullish scenarios hinge on flawless LNG project execution, while bears cite Australian tax policy risks and volatile energy prices.
