LNG surges with demand

SOARING demand for liquid natural gas and record high oil prices have been a boon for Woodside Petroleum, with the company boosting production and posting record levels of revenue.

Woodside shares surged $1.20 to a record close of $30.04 yesterday after the company increased its production target and said revenue for the six months to June had jumped 30 per cent to a record $1.23 billion.