Energy
LNG Supply Wave to Hit Prices But Demand Firm, Woodside Says
Signage for Woodside Energy Group atop the Mia Yellagonga building, which houses the company's headquarters, in Perth.
Photographer: Philip Gostelow/BloombergA forecast global glut of liquefied natural gas may weigh on prices, but demand growth is strong and supply additions aren’t certain, according to Australia’s biggest LNG producer.
“New supply may place downward pressure on prices,” Woodside Energy Group Ltd. Acting Chief Executive Officer Liz Westcott said in an interview on Tuesday. However, “expectations of a sustained or structurally disruptive oversupply should be considered with caution,” she said.