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 >
Exxon talks continue on shallow-water block in Guyana auction, company says
Exxon talks continue on shallow-water block in Guyana auction, company says
Dec 2, 2024
HOUSTON (Reuters) - U.S. oil major Exxon Mobil ( XOM ) and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration. The group remains interested...
EXPLAINER-What is next for Musk after judge rules against him in Tesla pay case?
EXPLAINER-What is next for Musk after judge rules against him in Tesla pay case?
Dec 2, 2024
WILMINGTON, Delaware, Dec 2 (Reuters) - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. Below is a look at what could come next for Tesla and its billionaire founder, who is still seeking a huge payday from the...
Exxon talks continue on shallow-water block in Guyana auction, company says
Exxon talks continue on shallow-water block in Guyana auction, company says
Dec 2, 2024
HOUSTON, Dec 2 (Reuters) - U.S. oil major Exxon Mobil ( XOM ) and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration. The group...
Explainer-What is next for Musk after judge rules against him in Tesla pay case?
Explainer-What is next for Musk after judge rules against him in Tesla pay case?
Dec 2, 2024
WILMINGTON, Delaware (Reuters) - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. Below is a look at what could come next for Tesla and its billionaire founder, who is still seeking a huge payday from the company: WHAT...
Copyright 2023-2026 - www.financetom.com All Rights Reserved