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LNG

LNG glut to extend

WOODSIDE Petroleum has disputed new analysis from Macquarie predicting a decade-long LNG glut that could put its Browse development under further pressure, just as competing US and African projects make further progress to push more capacity into the market.

Anthony Barich
Woodside and Macquarie are at odds over the outlook for LNG markets.

Woodside and Macquarie are at odds over the outlook for LNG markets.

Like most punters, Macquarie sees global oversupply from operating and under construction projects, including Ichthys and Prelude due online in the next 12 months and ramp-ups from Gorgon and Wheatstone...

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