Woodside Energy : EVP Marketing and Trading presentation to the Australian Domestic Gas Outlook

BALANCING INTERNATIONAL AND DOMESTIC SUPPLY DEMANDS IN A POST MANDATORY GAS CODE OF CONDUCT ENVIRONMENT

Woodside Energy Group Ltd

Executive Vice President Marketing and Trading Mark Abbotsford | 26 March 2024

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BALANCING INTERNATIONAL AND DOMESTIC SUPPLY DEMANDS IN A POST MANDATORY GAS CODE OF CONDUCT ENVIRONMENT

Woodside Energy Group Ltd

Executive Vice President Marketing and Trading Mark Abbotsford | 26 March 2024

Volatility emphasises the importance of energy security

Prices have normalised following the highs driven by Russia's invasion of Ukraine in 2022

Customers are continuing to place a high value on securing long-term energy security

Oil and gas prices

160

US$/bbl

120

80

40

0

January

FebruaryMarchApril

May

June

JulyAugustSeptemberOctoberNovember

JanuaryFebruaryMarchApril

May

June

JulyAugustSeptemberOctoberNovember

December

90

60

US$/MMBtu

30

0

JanuaryFebruaryMarchApril

May

June

JulyAugustSeptemberOctoberNovember

December

Dated Brent (LHS)

JKM (RHS)

4

Scarborough Energy Project: targeting first production in 2026

Pluto LNG and Pluto

Train 2 site

• 1. Excludes Train 1 modifications.

• 2. Subject to completion of the transaction, targeted in the first quarter of 2024. The sale and purchase agreement is with LJ Scarborough Pty Ltd (LJ Scarborough), a jointly owned subsidiary of LNG Japan Corporation (which is a

  50:50 joint venture between Sumitomo Corporation and Sojitz Corporation) and Japan Organization for Metals and Energy Security (JOGMEC). LNG Japan Corporation holds a 50.1% interest in LJ Scarborough and JOGMEC holds a 49.9% interest in LJ Scarborough.

• 3. Subsequent to the period.

  5

• 4. The sale and purchase agreement is with JERA Scarborough Pty Ltd which is a wholly owned subsidiary of JERA Co., Inc. Subject to completion of the transaction, targeted for the second half of 2024.

Delivering gas supply to the Australian energy market

WESTERN AUSTRALIA

•  We are meeting our domestic gas commitments

•  We are finalising arrangements with the State to market new volumes

•  Woodside's market share in 2023 was ~19%

EAST COAST AUSTRALIA

•  100% of our gas from the Bass Strait Project is delivered to the domestic market

•  We intend to initiate an EOI process for 50PJ of gas across 2025-2026

•  Woodside's market share in 2023 was ~19%

East coast Australia

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Head Office: Woodside Energy Mia Yellagonga 11 Mount Street Perth WA 6000 Australia

Postal Address: GPO Box D188 Perth WA 6840 Australia

T: +61 8 9348 4000 F: +61 8 9214 2777

E:companyinfo@woodside.com

Woodside Energy Group Ltd ABN 55 004 898 962

woodside.com

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Woodside Energy Group Ltd. published this content on 26 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2024 06:39:07 UTC.