financetom
Business
financetom
/
Business
/
LNG market to grow by 50% in the coming decade, says Woodside's O'Neill
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
LNG market to grow by 50% in the coming decade, says Woodside's O'Neill
Nov 26, 2024 8:30 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Premarket Gainers
Top Premarket Gainers
Jun 10, 2025
08:15 AM EDT, 06/10/2025 (MT Newswires) -- Klotho Neurosciences ( KLTO ) shares were up 50% in recent Tuesday premarket activity, after the company said Monday that initial findings in preclinical studies showed the potential of elevating Klotho gene expression to reduce age-related organ degeneration. Insmed ( INSM ) shares rose more than 23% after the biopharmaceutical company said its...
Former Expedia CEO Peter Kern to buy Italian lingerie company La Perla
Former Expedia CEO Peter Kern to buy Italian lingerie company La Perla
Jun 10, 2025
ROME, June 10 (Reuters) - Peter Kern, the former chief executive of U.S. travel technology company Expedia ( EXPE ), will buy troubled Italian luxury lingerie company La Perla, Italy's industry minister said on Tuesday. Kern, through his luxury holding LLC, has submitted the best offer for the firm, Industry Minister Adolfo Urso said at a meeting with trade unions...
Paramount to lay off 3.5% of US staff in latest job cut, memo shows
Paramount to lay off 3.5% of US staff in latest job cut, memo shows
Jun 10, 2025
(Reuters) -Paramount Global ( PARAA ) is laying off 3.5% of its U.S. staff in the latest round of job cuts as the company grapples with a decline in cable TV subscribers, according to an internal memo seen by Reuters. The layoff was communicated to its staff on Tuesday morning and it could affect some non-U.S. workforce over time, the...
Cygnus Metals Provides High-Grade Assays From Golden Eye Prospect in Quebec
Cygnus Metals Provides High-Grade Assays From Golden Eye Prospect in Quebec
Jun 10, 2025
08:18 AM EDT, 06/10/2025 (MT Newswires) -- Cygnus Metals ( CYGGF ) overnight Monday provided further high-grade assays from the Golden Eye prospect within the Chibougamau copper-gold project in Quebec. The company said results confirm multiple parallel zones with significant mineralization. Highlights include 12.7 grams per tonne (g/t) gold equivalent over 3.3 meters and 4.3 meters at 9.8 g/t gold...
Copyright 2023-2025 - www.financetom.com All Rights Reserved