WGC-Woodside CEO: WGC-Woodside anticipates global gas consumption to increase by 50% between now and 2030

Meg O'Neill, CEO of Woodside Energy Australia, said that the company expects global gas consumption to grow by 50% between now and 2030.

O'Neill stated at the World Gas Conference that "the message is very consistent and clear" regarding the need for reliable, affordable energy in nations who are on the road to net zero. Gas is a major part of this mix.

She added that customers want to secure LNG supply until the 2040s.

O'Neill stated that Woodside invests in projects with competitive costs because of the tremendous growth in gas demand.

She said, "We must go to where the gas is."

She added that it was "very clear" that a position within the Atlantic basin would be complementary to Australia's position, in reference to its $1.2 billion.

Purchase

Louisiana LNG Project last year.

"But we are still an Australian Company." O'Neill stated that we are investing in Scarborough and expect first LNG to be produced in the second half of next. (Reporting and writing by Colleen howe; editing by Christian Schmollinger).

(source: Reuters)