Australia Resumes Operations at Cyclone-Hit Commodity Port

A major export port handling iron ore, liquefied natural gas and other bulk commodities on Australia’s west coast has reopened after cyclone damage had forced a shutdown.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — A major export port handling iron ore, liquefied natural gas and other bulk commodities on Australia’s west coast has reopened after cyclone damage had forced a shutdown.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The Port of Dampier, which hosts operations run by Woodside Energy Group Ltd., resumed activity at 9 a.m. Saturday in Western Australia, though all general cargo imports remain suspended, according to the port operator. The nearby Port of Ashburton, which services Chevron Corp.’s Wheatstone LNG Plant, is still closed.Cyclone Narelle has disrupted operations across mines and LNG facilities along Australia’s northern and western coasts. Output at three LNG plants operated by Woodside and Chevron has been curtailed, tightening supplies for mainly Asian buyers at a precarious moment for the global gas market.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Global LNG supply has significantly reduced since Iranian attacks caused “extensive damage” to the world’s largest export plant in Qatar. The energy crisis from the US-Israeli war on Iran has left Asian nations among the worst hit due to the region’s dependence on Middle East supply. Those countries face renewed supply uncertainty due to the cyclone-induced delays as Australia is a major LNG supplier to the region.LNG prices in Asia have surged more than 90% since the the war began in late February. Gorgon, Wheatstone and North West Shelf — gas projects run by Woodside or Chevron — accounted for almost half of Australia’s exports last month, or about 8.4% of global trade, according to advisory EnergyQuest.Narelle has been downgraded to an ex-tropical cyclone as of 11 a.m. Sydney time and is continuing to move in a south-eastern direction across the state of Western Australia. A severe weather warning is still in place.(Adds details on the energy crisis in the fourth paragraph, chart.)Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.