Woodside Warns LNG Glut Fears May Be Overstated

Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken at face value, as demand will remain strong and not all planned projects may proceed. “Expectations of a sustained or structurally disruptive oversupply should be considered with caution,” Woodside Acting CEO Liz Westcott told Bloomberg in an interview. While the executive acknowledged that the supply wave in the next few years could depress LNG prices, she noted that demand could strengthen due…