Woodside Energy's Browse LNG project in Australia has seen costs climb to A$48.7 billion, driven by inflation and the addition of a large scale carbon capture and storage system. The project aims to inject 4 million metric tons of CO2 annually to reduce direct emissions by 47%. Despite the economic projections, the project faces environmental opposition and competition from lower cost LNG producers. Final federal approval is expected in mid 2026, with the CCS component remaining critical for regulatory approval.
