Moody's notes Woodside project

Moody's Investors Service said it notes the announcement by Woodside Petroleum Ltd. that it achieved ready-for-start-up status for its Pluto LNG project.

The A$14.9 billion project will, upon full ramp-up, produce around 4.3 million tons of LNG annually and contribute considerably to Woodside's operating cash, Moody's said.

"This key milestone for the project was achieved in line with Moody's expectation, and is supportive of Woodside's credit profile," Moody's assistant vice president and analyst Matthew Moore said in a news release.

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