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20 May | Gas

Woodside Energy expects global gas demand to rise 50% by 2030

Natural gas
Woodside Energy expects global gas demand to rise 50% by 2030

Woodside Energy, Australia’s leading natural gas producer, forecasts the world’s gas demand to rise 50% by 2030. 

The company’s CEO Meg O'Neill said at the World Gas Conference that countries are seeking to reach net zero, and gas is an integral part of this process due to its reliability and affordability. In addition, Woodside Energy customers intend to continue purchasing liquefied natural gas (LNG) into the 2040s, she noted. 

A significant increase in gas demand means that companies need to make efforts to secure necessary supply. Hence, Woodside Energy is investing in cost-competitive projects, O'Neill said.

According to Reuters, the Australian company acquired an LNG project in the US state of Louisiana last year. Meg O'Neil also reported on investments in the development of the Scarborough gas field. She said the first LNG supplies from this project are expected in the second half of 2026.

Elena Dorokhina MarketCheese

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