Business
LNG prospects firm after ‘bitgas’ rally – The Australian Financial Review
Woodside and Santos are gearing up to give the go-ahead for more than $20 billion of LNG developments, supported by a firmer outlook than producers could have hoped…
But Woodside chief executive Peter Coleman points to fundamental reasons that back a more positive outlook for LNG this year, while the squeeze in supplies that caught out some “complacent” buyers this Northern winter will likely act as a broader “reality check” throughout the market.
Mr Coleman notes that even through the pandemic last year, demand for LNG remained robust, with global consumption rising about 2 per cent, while growth in Asia, the biggest regional consumer, was double that. Indeed…
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