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Woodside’s big bet on US LNG will collide with Trump’s second coming

Just days after Donald Trump declared he wants to “drill, baby, drill”, Woodside has placed a $22 billion bet on an unloved LNG project in the US. This bargain deal isn’t without risks. 

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In the febrile atmosphere of global politics, the timing of Woodside’s $22 billion bet on the US LNG sector couldn’t be more delicious.

On Friday, Donald Trump thrilled the Republican National Convention by promising to drive American energy prices down by embracing fossil fuels. “We will drill, baby, drill,” he declared, to a rapturous crowd that quickly took the phrase up as a chant. “We will do it at levels that nobody’s ever seen before.”

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/woodside-s-big-bet-on-us-lng-will-collide-with-trump-s-second-coming-20240722-p5jvlj