WDS News: Woodside profits increase six-fold as demand for non-Russian gas soars - 30th Aug 2022, 3:46pm

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The surging price of gas has triggered a six-fold increase in profit at Australia’s largest producer Woodside Energy Group, which predicted demand would continue to grow as Europe struggles with reducing its dependence on Russian supplies. Liquefied natural gas represents about 70 per cent of Woodside’s business and the volatility in the market following Russia’s full-scale invasion of Ukraine this year has sent the price of the commodity soaring. “What we’ve seen is unp...

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