LONDON, Nov 26 (Reuters) - Australia's Woodside Energy ( WDS )
expects the global market for liquefied natural gas
(LNG) to grow by 50% in the coming decade, its CEO said on
Tuesday.
"Over the last decade the LNG market grew by 50%. We
anticipate it will grow by another 50% in the coming decade,"
Meg O'Neill told the Energy Intelligence Forum in London.
O'Neill said the company had received interest from a lot of
onshore gas players and other companies to partner with its
Driftwood LNG project and talks were ongoing.
"We've got the balance sheet to fund our 50%. We want to
keep our 50% in our portfolio so we're not out rushing to do
cheap deals for LNG, because we think we have a quality
opportunity that's ahead of others in the queue," O'Neill said.
Woodside agreed in July to buy U.S. LNG developer Tellurian
, including its U.S. Gulf Coast Driftwood LNG export
project, for $1.2 billion including debt.
The agreement could strengthen the position of the U.S. as
the world's largest producer of the superchilled gas by securing
the completion of Tellurian's 27.6 million metric ton per annum
facility in Lake Charles, Louisiana.