Woodside Struggles to Secure Buyers for U.S. LNG as Pricing Backfires

Australia’s Woodside Energy is having trouble finding buyers for the liquefied natural gas it produces at its Louisiana LNG plant, Reuters has reported, citing unnamed sources. The reason is that Woodside is asking for higher liquefaction fees than other LNG exporters in the United States.

Citing its sources, Reuters reported that the Australian energy major was asking liquefaction fees of over $2. 80 per million British thermal units, which compares to an average of between $2. 40 and $2. 50 for the U. S. market overall.