LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says - Bloomberg

LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says - Bloomberg

LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says

- Australia’s top producer continues to study projects and M&A
- US pause on export project approvals is ‘concerning signal’

Meg O'Neill Photographer: Nicky Loh/Bloomberg

Woodside Energy Group Ltd., Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions.

“We’re seeing signs of that demand growth in emerging Asia,” Chief Executive Officer Meg O’Neill said Tuesday in an interview. “There’ll be points in time where we’ll see a fair amount of new supply arriving, but the demand growth is really likely to absorb that over the course of the coming years.”