Woodside Energy Group Ltd's chief executive said European winter temperatures and Chinese economic recovery are among factors clouding the near-term outlook for gas prices, which have dropped from the historic highs of last year.
Production growth forecast of 4% a year to 2027 intactchief executive said European winter temperatures and Chinese economic recovery are among factors clouding the near-term outlook for gas prices, which have dropped from the historic highs of last year.
Chief Executive Meg O'Neill said the jury is out on the outlook for liquefied natural gas prices in the near term. "There's still a lot of uncertainty around, for example, for the rest of the European winter and how cold that's going to be. There's a question around how fast Chinese economic activity and energy demand ramps up."
Woodside remains confident it can start producing gas from its biggest project, the $12 billion Scarborough development and Pluto LNG expansion, in 2026, despitewith Indigenous groups required by the Federal Court in order to receive final environmental approvals.
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