Woodside Energy’s $30 billion of investment commitments in North America in the past 15 months has cemented a view in the market that the country’s biggest oil and gas producer is turning its back on Australia’s hostile business environment and will increasingly focus on the United States.

With its investments in the Driftwood LNG export project in Louisiana, a low-emissions ammonia project in Texas and the $US7.2 billion ($10.7 billion) Trion oil project in Mexico, most of Woodside’s value will lie in North America by 2030, said MST Marquee energy analyst Saul Kavonic.