Gas
Woodside passes the baton for offshore gas project to Timor Gap in $200 million deal
CEII brief
Offshore Energy reported on 27 Oct 2026: Woodside passes the baton for offshore gas project to Timor Gap in $200 million deal.
Read the full story on Offshore EnergyTimor Gap is taking over the reins for a gas project in the Timor Sea from Woodside with completion of the takeover anticipated in H1 2027.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Original reporting © Offshore Energy. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
