Australia’s Woodside Bets Big on LNG Boom With 2032 Growth Plan

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Woodside Energy anticipates a 50% increase in crude oil and natural gas sales by 2032, fueled by Asian energy demand, projecting a 6% annual growth rate and a rise in net operating cash flow to $9 billion. This growth is primarily driven by increased LNG sales.

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Australia’s Woodside Energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven by growing demand for energy, especially in Asia. Growing at an annual rate of 6%, sales could hit 300 million barrels of oil equivalent in 2032, chief executive Meg O’Neill said at the company’s Capital Markets Day today. As a result, net operating cash flow is also expected to increase by 6% annually to 2032, to $9 billion, from $5.8 billion in 2024. Growth will be especially pronounced in LNG, where Woodside expects…

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