Woodside muscling onto BG-Shell turf with global LNG push
Woodside muscling onto BG-Shell turf with global LNG push
PARIS, JUNE 4 | BY OLEG VUKMANOVIC
Australia’s Woodside Petroleum is expanding its liquefied natural gas (LNG) business and aims to build a global supply network ahead of an expected surge in trading of the fuel, its chief executive said in an interview.
Peter Coleman said Woodside’s latest venture with U.S.-based Sempra, announced on Wednesday, to potentially build from scratch an LNG export plant in the United States at Port Arthur was the latest signal of its intention.
“What our strategy is: focus on Asia customers, but sourcing LNG globally,” and not just from the company’s existing Australian producing plants, he said on the sidelines of an industry conference in Paris.
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