Conflict-Fueled Energy Swings Aren t Over, Woodside CEO Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The outlook is one of the most bullish in the industry, as energy companies and environmentalists debate the role of gas in the world’s transition to cleaner fuels.
LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Investors have been looking for clues on Woodside’s next move after talks to create a A$86 billion ($56 billion) company with Santos ended. Santos’s portfolio would have made Woodside one of the biggest LNG producers in the Asia-Pacific, but executives warned any deal would need to reflect low premiums in recent oil and gas transactions.
Woodside Energy Group Ltd. and Santos Ltd. have ended tie-up talks that would have created an Australian gas export powerhouse, leaving the smaller Adelaide-based producer under pressure to consider asset sales and other options to boost its lagging valuation.