Hi @Remorhaz I watched the ABC report also. I think the so called ‘gas crisis’ is the result of the perfect storm of events that have driven gas demand, and consequently sky high gas prices. Here are some of the contributors to the perfect storm:

• Coal is the dominant source of Australia’s electricity generation, accounting for about two-thirds.
• The role of coal in electricity generation has been falling amid a wave of new zero-emission generation and environmental advocacy.
• Several ageing coal fired power stations have been shut down for maintenance leaving 25% of the country’s capacity offline
• the Victorian state government put a moratorium on gas exploration and production, and now we don’t have enough gas. 
• the Australian Energy Market Operator has warned of “potential ongoing implications for reliability” in the National Electricity Market this winter because of the recent “challenges” with the availability of fuel.
• Australian wholesale electricity prices have surged because of the lack of investment in generation.
• the Ukraine war has resulted in oil and gas shortages and price hikes
• A sudden cold snap in eastern Australia spiking the demand for power
• we find out the Snowy 2 hydro battery project is 19 months behind schedule and will not level out renewable energy cycles until 2027.

I think the perfect storm will pass in months, not years. When it passes, I think the long-term low carbon emission theme will return to haunt Woodside and other fossil fuel producers.

While the shortage of fossil fuels has some time to run, I’ve taken this as an opportunity to offload Woodside IRL at 12 month highs. I think back to March 2020…nobody wanted Woodside for just over $15.

Fossil fuels, carbon credits and transitioning to clean energy ABC 7:30 Carbon Dilemma

A recent short (seven and a half minutes long) ABC 7:30 piece on Woodside's Scarborough Gas Project. It questions whether natural gas is truly key in the green transition and whether Woodside's latest proposal will blow past the global carbon budget

https://www.abc.net.au/7.30/scientists-warn-new-natural-gas-projects-will-make/13922854

Disc: Held in RL

Seems to me that Woodside now has unknown liabilities related to decommissioning in the Gulf of Mexico; any one of which could blow up the balance sheet. The risk profile is not justified by the share price .. I am out, with my nose just above water 

Q2 2021 Report
Performance highlights:

• Achieved sales revenue of $1,285 million, up 15% from Q1 2021
• Delivered production of 22.7 MMboe, down 4% from Q1 2021
• Delivered sales volume of 28.1 MMboe, up 9% from Q1 2021.

Executing a clear plan:

• Launched sell-down processes for Scarborough and Pluto Train 2, timed to align with the targeted final investment decision (FID) in H2 2021.
• Commenced the drilling campaign for Sangomar Field Development Phase 1 in July 2021
• Completed acquisition of FAR’s interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture in July 2021 and launched a sell-down process
• Executed three sale and purchase agreements (SPA) for the supply of domestic LNG from the Pluto LNG truck loading facility
• Signed a heads of agreement (HOA) with IHI Corporation and Marubeni Corporation to investigate the production and export of green ammonia from renewable hydroelectric power in Tasmania.

FOURTH QUARTER REPORT FOR PERIOD ENDED 31 DECEMBER 2020

Performance highlights 

• Delivered production of 24.9 MMboe, down 2% from Q3 2020, contributing to record annual production of 100.3 MMboe.

• Delivered sales revenue of $920 million, up 32% from Q3 2020.

• Delivered sales volume of 29.1 MMboe, up 9% from Q3 2020.

• Installed the Pluto water handling module on the Pluto offshore platform.

WOODSIDE EXPANDS LONG-TERM LNG SUPPLY AGREEMENT

Woodside Energy Trading Singapore Pte Ltd (Woodside) and Uniper Global Commodities SE (Uniper) have agreed to amend the binding long-term sale and purchase agreement (SPA) announced in December 2019 to increase the supply of LNG from Woodside’s global portfolio to Uniper.

The quantity of Woodside LNG to be supplied under the amended SPA has doubled. Initial supply commencing in 2021 is now for a volume of up to 1 million tonnes per annum (Mtpa), increasing to approximately 2 Mtpa from 2026.

The majority of LNG supply from 2025 is conditional upon a final investment decision on the development of the Scarborough gas resource offshore Western Australia. The 13-year term of the SPA is unchanged.

08-Sep-2020:  Livewiremarkets.com: With Woodside down 40%, is it time to get greedy?

[I hold WPL shares.]

14-Aug-2020:  Half-Year 2020 Results Briefing Teleconference Transcript

That link will take you to a full transcript of the Teleconference that Woodside held yesterday after announcing their half year results.  I posted a straw here yesterday with links to their results announcements.

[I hold WPL shares]

13-Aug-2020:  Half-Year Report 2020   and   Half-Year 2020 Results and Briefing Pack

[I hold WPL shares]

16-7-2020:  4:18pm:  Q2 2020 Briefing Transcript and Additional Information

Also:  15-7-2020:  8:30am:  Second Quarter 2020 Report

[I hold WPL shares]  Gas company, largest market cap Energy play on the ASX, but entirely leveraged to Natural Gas rather than oil.  Not ex-growth yet.  They can move at glacial pace, but they get things done - in their own time.  Very measured.  Great management.  Good focus on shareholder returns.  Gas Production revenue underpinned by multi-year long-term contracts (recurring revenue).  Pays reasonable dividends.  Not as leveraged as a Santos or an Oilsearch, so less bang-for-your-buck on an oil price recovery (which drags gas producing companies up with it), but less downside risk, and still plenty of upside from here when energy companies are back in vogue once more.  Good company to buy when their SP is low, which it still is.