LNG Demand, Prices to Rise Further This Year, Woodside CEO Says

Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel.

Declining domestic gas production and rising energy needs in emerging Asian economies such as India, the Philippines, Vietnam and Malaysia will help drive the growth, Chief Executive Officer Meg O’Neill said in an interview on Tuesday. Meanwhile, Japan, South Korea and China will remain key customers, she said.