Woodside sees global LNG market balanced from 2025
1/21/2021
Woodside Petroleum sees the global LNG market returning to balance from 2025 onwards, following a big glut last year, with demand growing and fewer new projects being approved, Chief Executive Peter Coleman said.
“We’ve seen a rebalancing very quickly in the short term,” Coleman told Reuters.
“But for the mid- to long term, we’re also now seeing that the market is going to be balanced through that period of 2025 onwards, where previously, 12 months ago, people were predicting that there was going to be a suite of new projects coming through and potentially flooding the market at that point.”
(Reporting by Sonali Paul; Editing by Jacqueline Wong)
Sign up to Receive Our Newsletter
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
Comments