Market's Assumptions About Woodside's Burrup Hub Look Too Rosy -- Market Talk

Dow Jones11-06

2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be "double counting" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. "We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations," Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 05, 2024 17:17 ET (22:17 GMT)

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Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. 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This may be because it is modelling production ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4131","symbol_name":"航空货运与物流","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481508526","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481508526","pubTimestamp":1730845020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2217 GMT - Citi thinks the market could be overestimating the amount of liquefied natural gas that will be produced from Woodside Energy's Burrup Hub. This may be because it is modelling production from gas fields without considering downstream liquefaction capacity. So, there could be \"double counting\" capacity when Woodside's new Scarborough development comes online, analyst James Byrne says. Another explanation is that the market assumes a significant amount of gas from Woodside's Pluto project is sent to the North West Shelf facility for liquefaction. \"We see a risk that consensus is overestimating Pluto production longer term which we estimate could be adding 5% to consensus valuations,\" Citi says. 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