Woodside report sees A$141 billion GDP uplift from Browse to NWS project

• Woodside released a Deloitte Access Economics assessment estimating proposed Browse to North West Shelf project could lift Australia GDP by more than A$141 billion, with A$56.2 billion in taxes, royalties, excise, including A$19.8 billion in PRRT.
• Modeling flagged Western Australia gross state product uplift of about A$147 billion, with up to 4,760 direct and indirect full-time equivalent jobs at peak operations.
• Report estimated about 80% of economic impact would flow to sectors outside oil and gas, led by construction, services, public services.
• Analysis positioned incremental domestic gas supply as support for Western Australia energy security during energy transition, including firming renewables, supporting energy-intensive industries.
• Project design assumptions included 11.4 million tonnes per annum production capacity across LNG, LPG, domestic gas, with CCS expected to cut 53 million tonnes CO2e versus 2019 Scope 1 estimate.

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