BAKU, Azerbaijan, November 5. Australia's
Woodside Energy expects its sales volumes to grow by more than 30
percent to approximately 280 million barrels of oil equivalent
(MMboe) in 2032.
According to the company's Capital Markets Day 2026
presentation, the growth will come from its base business and three
projects under construction: Scarborough in Australia, Trion in
Mexico, and Louisiana LNG in the US. Total portfolio sales were 212
MMboe in 2025.
"Scarborough is 99% complete and on track for first LNG cargo
this year, Trion is targeted for first oil in 2028 and Louisiana
LNG is targeted for first LNG in 2029. Together with our base
business, these projects are expected to support sales volume
growth of more than 30% to approximately 280 million barrels of oil
equivalent in 2032," said Woodside CEO and Managing Director Liz
Westcott.
The company noted that its equity LNG portfolio is expected to
double between 2025 and 2032.
Woodside Energy, headquartered in Perth, is Australia's largest
independent oil and gas company and is listed on the Australian
Securities Exchange and the New York Stock Exchange. Its portfolio
includes LNG and domestic gas operations in Australia, deepwater
oil in the US Gulf of America, the Sangomar oil field in Senegal,
and the Trion project under development in Mexico. Woodside's three
major projects under construction are Scarborough in Western
Australia (final investment decision in 2021), Trion in Mexico (FID
in 2023) and Louisiana LNG in the US (FID in 2025). Woodside's
total sales were 212 MMboe in 2025.
Woodside held its Capital Markets Day 2026 in Sydney on November
5 and will hold a second event in New York on November 12. At last
year's Capital Markets Day, in November 2025, the company set out
its growth plans to 2032.
