Woodside Has More Exposure to Rising Gas Prices Than Santos -- Market Talk

Dow Jones06:50

2250 GMT - Further supply disruptions stemming from the Iran conflict are likely to benefit Woodside Energy more than Santos when driving prices of liquefied natural gas higher, Citi says. Asian LNG prices have surged since hostilities began. The Japan Korea Marker, a key pricing benchmark, has risen above US$20/mmbtu as incentive pricing attempts to attract cargoes to replace impacted volumes, analyst Tom Wallington highlights. "We estimate Woodside's hub-linked LNG exposure to be 27% in 1H, seasonally lower than the 30% guided for 2026 but still higher than Santos's 17% gas hub exposure," Citi says. Woodside's share price ended Thursday at A$30.45, hovering close to a two-year high. Santos ended at A$7.32.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 05, 2026 17:50 ET (22:50 GMT)

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The Japan Korea Marker, a key pricing benchmark, has risen above US$20/mmbtu as incentive pricing attempts to attract cargoes to replace impacted volumes, analyst Tom Wallington highlights. \"We estimate Woodside's hub-linked LNG exposure to be 27% in 1H, seasonally lower than the 30% guided for 2026 but still higher than Santos's 17% gas hub exposure,\" Citi says. Woodside's share price ended Thursday at A$30.45, hovering close to a two-year high. 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Asian LNG prices have surged since hostilities began. The Japan Korea Marker, a key pricing benchmark, has risen above US$20/mmbtu as incentive pricing attempts to attract cargoes to replace impacted volumes, analyst Tom Wallington highlights. \"We estimate Woodside's hub-linked LNG exposure to be 27% in 1H, seasonally lower than the 30% guided for 2026 but still higher than Santos's 17% gas hub exposure,\" Citi says. Woodside's share price ended Thursday at A$30.45, hovering close to a two-year high. Santos ended at A$7.32.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2026 17:50 ET (22:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2617572372","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617572372","pubTimestamp":1772751000,"columns":[],"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":"2250 GMT - Further supply disruptions stemming from the Iran conflict are likely to benefit Woodside Energy more than Santos when driving prices of liquefied natural gas higher, Citi says. 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