as a NON-top 20 shareholding ( but one likely to be given many more shares by BHP , soon )You have to wonder what WPL's CEO has been blabbering on about, recently.
Do the company's top 20 shareholders really believe her spiel?
They'll be paying wages alright. But creating much wealth for shareholders?
Fair point and I am looking at adding VAS, into the core holding of ETF's and LIC's, I don't see any hurry to add VAS atm..
This is more a buy to sell one, as I don't see the next 10 years being reflective of the last 10 and is also why I earlier mentioned AGL which I've also never owned before.
Everyone to their own. ?
So very true and I am of the same ilk.Absolutely. Each should invest according to their risk profile.
Mind you with my investment profil (indifference and OK to accept the market average) I don't get any of the excitement which apparently goes with individual share selection. ETFs don't have emotion and the mangers of LICs do it full-time on my behalf. All I have to know is through constantly buying, the distribution I received for VAS for the September quarter alone was up 9.5% compared with the entire 2020-2021 financial year.
“Woodside’s and BHP Petroleum’s customers for LNG, LPG, condensate and oil are either offshore or in areas where Woodside and BHP Petroleum do not overlap,” The commission said.
“We examined the proposed acquisition closely as it would combine two of the four largest domestic natural gas suppliers in Western Australia. “We found that post acquisition, Woodside would continue to face competition from a range of suppliers of domestic gas, including major producers Chevron and Santos, and from several other smaller suppliers including Shell and ExxonMobil. Woodside’s share of domestic gas after the acquisition will be approximately 20 per cent."
The ACCC also considered that Woodside would be unlikely to have an incentive to reduce supply of natural gas from BHP Petroleum’s majority-owned, domestic-only site at Macedon, given gas from Macedon can only be supplied to the Western Australian domestic market. In addition, the number of competing suppliers in that market are also likely to constrain Woodside from decreasing gas supply.“In Western Australia, gas exporters are required to reserve the equivalent of 15 per cent of their export production for the domestic market, ensuring that domestic gas will continue to be available from Woodside and BHP Petroleum’s export assets, and from a range of other competitors."
MickOil and gas giant Woodside will spend the next six months working with two major potential Asian customers on the feasibility of its proposed liquid hydrogen exports out of Western Australia.
On Tuesday, Woodside signed a memorandum of understanding with entities connected to Singapore utilities and infrastructure giant Keppel Corporation and Japan’s Osaka Gas to assess the establishment of a long-term stable supply chain that links its proposed 1500 tonnes of hydrogen per day export hub in Perth to gas suppliers in both markets.
It is understood Keppel approached Woodside, initially through Austrade, and then brought Osaka in as well.
Woodside said it would work specifically with Keppel Data Centres Holding, Singapore’s monopoly piped town gas supplier City Gas (also owned by Keppel), Osaka Gas Singapore and City-OG Gas Energy Services, a joint venture of Keppel and Osaka Gas.
Woodside unveiled plans for its H2Perth hub on government-leased land in Kwinana, WA, in October.
Initial phase cost estimates are for a $1bn hub with a target of 300 tonnes per day of hydrogen production (20 per cent of potential target capacity), which can be converted into 600,000 tonnes per annum of ammonia or 110,000 tonnes per annum of liquid hydrogen.
I guess that is the logical outcome when it seems we have to decarbonise hydrocarbonsWPL may have to change its name to Woodside Hydrogen Limited sometime in the future...
WPL may have to change its name to Woodside Hydrogen Limited sometime in the future.
From Todays OZ
Mick
IMO Woodside is in the box seat of all the energy suppliers ATM, copious amounts of LNG to replace coal fired at call generation and overseas contracts to buyers who will want to transition from LNG to H2.WPL may have to change its name to Woodside Hydrogen Limited sometime in the future.
Germany signalled a U-turn in key energy policies, floating the possibility of extending the life-spans of coal and even nuclear plants to cut dependency on Russian gas, part of a broad political rethink following Moscow’s invasion of Ukraine. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options.
In a landmark speech on Sunday, Reuters reports that Chancellor Olaf Scholz spelled out a more radical path to ensure Germany will be able to meet rising energy supply and diversify away from Russian gas, which accounts for half of Germany’s energy needs.
It is said that delay can still be profitable.
Is it too late.
That is always the nagging question, I was lucky getting in before current price surge.
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