LNG Glut May Pressure Prices But Demand Is Strong, Woodside Says


The International Energy Agency and BloombergNEF are predicting that new LNG plants in North America and the Middle East may see the market move into oversupply from as early as this year. Former Woodside CEO Meg O’Neill, who stepped down in December to lead BP Plc, had pushed for an expansion of production, targeting an almost doubling of operated liquefaction capacity by 2032.



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