AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- WA’s outgoing minister calls for swift approval of the $30B Browse LNG project.
- Project seen as critical for long-term LNG supply and economic stability.
- Importance of domestic gas security emphasized for WA’s industrial future.
Western Australia’s outgoing Minister for Mines and Petroleum, Bill Johnston, has emphasized the urgent need for approvals on the $30 billion Browse LNG project, operated by Woodside Energy (ASX:WDS). Speaking at the Australia-China LNG event in Perth, he stressed that the massive energy initiative is crucial for both Western Australia’s economy and its strong trade relations with China.
Johnston, who announced in late 2023 that he would not seek re-election in 2025, noted that while his views do not reflect the current government, his experience in fostering ties with China’s LNG sector has given him deep insight into the project’s significance.
Fast-Track Approvals Needed
The Browse project, located offshore Western Australia, has been awaiting key environmental approvals and a final investment decision (FID) from its joint venture partners. Johnston urged all stakeholders to act swiftly to move the development forward.
“This project has the potential to supply LNG for another 30 years, ensuring stable energy exports to China and other key partners,” he said. “The time is now for the Browse joint venture to integrate into the next phase of the energy partnership and contribute to the economic stability of the region.”
With Australia playing a pivotal role in China’s energy security, the minister underscored the importance of strengthening energy trade between the two nations.
Economic and Energy Security at Stake
Johnston also warned that WA faces economic risks if domestic gas security is not reinforced. The Browse project is expected to play a key role in supporting local gas plants, ensuring WA industries remain competitive, and preventing potential job losses.
He called on Browse’s joint venture partners to commit to utilizing domestic plants in line with WA’s gas reservation policy, ensuring local industries receive adequate supply.
“If we don’t secure our domestic gas feedstock, there could be major implications for WA’s industries and employment,” he noted.
A Long-Term Energy Play
As the energy transition continues, the Browse LNG project is positioned to provide crucial support for WA’s move toward low-carbon and renewable energy sources. The large-scale initiative not only reinforces the state’s LNG exports but also strengthens the long-term economic outlook of WA’s energy sector.
With approvals still pending, industry stakeholders and government regulators face increasing pressure to accelerate decision-making to capitalize on the opportunities that Browse LNG presents.
