LNG shortage to hit soon, says Woodside

Original article by Matt Chambers
The Australian – Page: 17 & 28 : 24-May-18

Woodside Petroleum now expects a global shortage of LNG to occur in 2021, with CEO Peter Coleman warning that supply and demand could be in deficit even earlier. Woodside had previously flagged an LNG shortage in 2023, but it has revised this forecast due to factors such as rising demand in Asian countries other than China. Coleman also says contract prices for LNG buyers on Australia’s east coast are likely to rise.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP BILLITON LIMITED – ASX BHP, CHEVRON CORPORATION

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