The North West Shelf (NWS) extension project has received environmental approval from Australian government authorities. According to the Ministry of the Environment and Water, the approval comes with the application of 48 conditions for the mitigation of the project's environmental impact.
Following the conditions, the NWS extension project must reduce its emissions every year, eventually reaching net zero greenhouse gas emissions by 2050. Government approval was secured in December 2024.
NWS has been operational for more than 40 years, supplying over 6,000 petajoules of gas for domestic and industrial use in Western Australia. The extension of NWS, which includes a network of offshore oil and gas infrastructure and an onshore processing facility in Karratha, grants operations to continue beyond 2030.
Woodside operates NWS with an aggregate interest of 33.33% in all of the projects apart from the joint ventures with China National Offshore Oil Corporation (CNOOC).
For more information on projects in Australia, please visit EICDataStream.