Highlights

  • Woodside issued its third-quarter 2026 report on 20 October.
  • Scarborough and Pluto Train 2 progressed toward a targeted first LNG cargo in the fourth quarter of 2026.
  • The company identified Trion and Louisiana LNG as longer-dated growth projects.
  • Woodside continued commissioning work associated with bringing the Scarborough gas development into operation.

Woodside Energy Group Ltd (ASX:WDS) approached the final quarter of 2026 with its Scarborough Energy Project and the associated Pluto Train 2 expansion among its most closely tracked growth initiatives. The company’s third-quarter report was released on 20 October, following half-year commentary highlighting continued progress towards LNG start-up.

The Scarborough Countdown Takes Centre Stage

Scarborough is located offshore Western Australia and is designed to Supply gas into expanded liquefaction infrastructure at Pluto. The development links a new offshore production system with new onshore LNG capacity, a combination that makes commissioning a major part of the reported programme.

Pluto Commissioning Connects Offshore and Onshore Work

Woodside said at its half-year results that Scarborough was 98% complete and that the first LNG cargo remained targeted for the fourth quarter of 2026. First gas at the offshore floating production unit was achieved in July, with subsequent activity directed towards progressively introducing additional wells and gas through the system.

The Scarborough development includes the gas field, Pluto Train 2, modifications to Pluto Train 1 and a remote operations centre in Perth. These connected elements underline why completion percentages and first-cargo targets are different measures: mechanical and construction progress must be followed by safe commissioning and operational readiness.

Further Growth Projects Extend Beyond Australia

Woodside’s growth programme is not confined to the Burrup region. At its August half-year reporting, management identified Trion in Mexico and Louisiana LNG in the United States as projects advancing towards targeted start-ups in 2028 and 2029 respectively. Those dates represent development objectives, not current production.

The projects sit alongside Woodside’s existing energy operations and form the company’s longer-term capacity expansion programme. Woodside’s approach involves progressing large, staged investments while reporting financial and operating performance through its regular quarterly and half-year disclosures.

Outlook: The Focus Turns to LNG Delivery

Scarborough’s stated near-term milestone is its first LNG cargo, targeted for the fourth quarter of 2026. Commissioning and the introduction of gas through the production and processing system remain central to achieving that objective.

Beyond Scarborough, investors will be watching the next project progress reports for Trion and Louisiana LNG. Woodside’s published timetable differentiates the immediate Australian start-up objective from international developments scheduled several years later.

Woodside Energy Group shares traded at AUD 30.64 on 6 November 2026, with a daily change of 0.16%. Trading Volume was 3,105,423 shares, with a session high of AUD 31.23 and low of AUD 30.48. Market Capitalisation was approximately AUD 58.25 billion.