Woodside moves on

Woodside Petroleum confirmed it has submitted an expression of interest to the British Columbia government to investigate building an LNG export base at Grassy Point on Canada’s northwest coast, after shelving its controversial Browse project in Western Australia.

An expression of interest is an early, non‑binding step that signals Woodside wants to explore the opportunity. It means the company is asking the BC government to assess feasibility, but it does not guarantee approval, financing, or immediate construction.

Grassy Point is on the northwest coast of British Columbia, Canada. An LNG export base is a facility for liquefying natural gas and shipping it overseas as liquefied natural gas (LNG), enabling export markets for gas producers.

According to the article, Woodside shelved its controversial Browse project in Western Australia and is now looking at Canada by submitting an expression of interest for Grassy Point. The announcement suggests a strategic shift in where the company might pursue future LNG development.

If the Grassy Point opportunity proves viable, it could offer Woodside access to new export capacity and diversification of its project portfolio. However, benefits depend on approvals, project costs, market demand for LNG, and successful execution—none of which are guaranteed at this stage.

Key risks include regulatory approvals from the British Columbia government, environmental and community concerns, high development and construction costs, and the long lead times typical of LNG projects. The article notes the Browse project was controversial, highlighting reputational and permitting risks that can affect outcomes.

No. The expression of interest is an initial step to investigate feasibility. Any move to construction would require further studies, government approvals, commercial agreements and likely a final investment decision, so it would not be immediate.

Everyday investors should monitor Woodside's official announcements and regulatory filings for updates, follow British Columbia government responses, and watch for feasibility studies or development approvals. Review your investment goals and risk tolerance before making decisions based on this early‑stage news.