Macquarie Equities analyst Adrian Wood said it appeared that Leviathan had now "leapfrogged" the Australian projects given Woodside was planning spending of $US1.1bn on the Israeli LNG development this year.
But Mr Coleman denied this, saying Woodside was also moving forward with Browse, Sunrise and the Pluto expansion and it was natural to have projects in various phases of development.
He said Browse was on track for a final investment decision by June 30, and Woodside had recently started sharing cost estimates with its joint venture partners Shell, BP and MIMI.
Most analysts expect Woodside and its partners to abandon the option of building an LNG plant at James Price Point and to begin studying the viability of processing the Browse gas through a floating LNG facility using technology being pioneered by Shell.
Woodside said this year's capex estimate, which will be dominated by the Leviathan investment, did not include any spending that may be made on Browse.
He said Woodside was taking "significant steps" to drive down the costs of building LNG projects, in yet another sign that the cost of building Browse as an onshore development could be prohibitive. Woodside's exploration spend in "mature" regions would drop from 73 per cent to 50 per cent in coming years.