{"id":444332,"date":"2026-05-12T03:33:37","date_gmt":"2026-05-12T03:33:37","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/444332\/"},"modified":"2026-05-12T03:33:37","modified_gmt":"2026-05-12T03:33:37","slug":"woodside-says-browse-could-add-over-100-billion-to-australian-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/444332\/","title":{"rendered":"Woodside Says Browse Could Add Over $100 Billion to Australian Economy"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">Woodside Energy on Monday released a Deloitte Access Economics assessment estimating that the Browse to North West Shelf (NWS) Project could generate a long-term uplift of A$141 billion (US$102 billion) in Australia\u2019s gross domestic product and A$147 billion (US$106 billion) in gross state product for Western Australia.<\/p>\n<p class=\"yf-1fy9kyt\">The report <a href=\"https:\/\/www.woodside.com\/media-centre\/announcements\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:estimates;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;estimates&quot;}\" class=\"link \">estimates<\/a> the project could also deliver A$56.2 billion (US$40.6 billion) in taxes, royalties, and excise, including A$19.8 billion (US$14.3 billion) in petroleum resource rent tax.<\/p>\n<p class=\"yf-1fy9kyt\">According to the modelling, the project could support up to 4,760 direct and indirect full-time equivalent jobs across Australia during peak operations, with around 80% of the economic benefits expected to flow to industries outside the oil and gas sector, including construction, services, and public services.<\/p>\n<p class=\"yf-1fy9kyt\">Woodside CEO Liz Westcott described Browse as a major strategic energy project for Australia.<\/p>\n<p class=\"yf-1fy9kyt\">\u201cBrowse is Australia\u2019s biggest undeveloped offshore gas resource and represents a major opportunity for the nation at a time when energy security matters more than ever,\u201d Westcott said.<\/p>\n<p class=\"yf-1fy9kyt\">The company said Browse gas could help stabilize Western Australia\u2019s electricity system as renewables capacity expands, while also supporting energy-intensive industries such as critical minerals processing and advanced manufacturing.<\/p>\n<p class=\"yf-1fy9kyt\">The proposed Browse to NWS Project would transport gas from the Calliance, Torosa, and Brecknock offshore fields to the Karratha Gas Plant through a roughly 900-kilometer pipeline connected to two floating production storage and offloading facilities.<\/p>\n<p class=\"yf-1fy9kyt\">The project is expected to produce 11.4 million tonnes per year of LNG, LPG, and domestic gas, along with peak condensate output of 50,000 barrels per day.<\/p>\n<p class=\"yf-1fy9kyt\">Woodside said a carbon capture and storage component incorporated into the project design is expected to reduce greenhouse gas emissions by 53 million tonnes of CO2 equivalent compared with the project\u2019s 2019 Scope 1 emissions estimate.<\/p>\n<p class=\"yf-1fy9kyt\">The project remains in the concept definition phase as Woodside works toward front-end engineering and design entry.<\/p>\n<p class=\"yf-1fy9kyt\">Separately, Reuters <a href=\"https:\/\/www.reuters.com\/business\/energy\/woodside-energys-delayed-browse-lng-project-expected-cost-35-billion-2026-05-11\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reported;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;reported&quot;}\" class=\"link \">reported<\/a> that the project\u2019s capital expenditure is now estimated at A$48.7 billion (US$35.2 billion), up from a 2019 estimate of A$27.3 billion, reflecting revised assumptions and the addition of a major CCS component. If confirmed, the revised price tag would make Browse one of the largest energy developments in Australian history by capital expenditure.<\/p>\n<p class=\"yf-1fy9kyt\">By Charles Kennedy for Oilprice.com<\/p>\n<p class=\"yf-1fy9kyt\">More Top Reads From Oilprice.com<\/p>\n","protected":false},"excerpt":{"rendered":"Woodside Energy on Monday released a Deloitte Access Economics assessment estimating that the Browse to North West Shelf&hellip;\n","protected":false},"author":2,"featured_media":444333,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,8129,61,60,193301,3125,175682],"class_list":["post-444332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-gross-domestic-product","tag-ie","tag-ireland","tag-north-west-shelf","tag-western-australia","tag-woodside-energy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/444332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=444332"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/444332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/444333"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=444332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=444332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=444332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}