Woodside

Woodside is an Australian energy company operating the Karratha liquefied natural gas (LNG) production plant. The company is newsworthy due to a recent disruption in production at Karratha caused by Cyclone Narelle. This cyclone, which also affected Chevron's Gorgon and Wheatstone facilities, halted operations at Karratha. Australia is a major LNG exporter, second globally, making this disruption significant, especially given existing fragility in the global gas market due to Middle East conflicts and Strait of Hormuz issues. The shutdown occurs at a time when Asian countries are increasingly reliant on Australian LNG due to supply disruptions from other regions, such as Qatar. The event highlights the vulnerability of energy infrastructure to extreme weather events and the potential impact on international energy markets.