Woodside Urges Australia to be Prepared for Next LNG Phase

Woodside Urges Australia to be Prepared for Next LNG Phase
With Australia set to be the world's leading LNG exporter soon, Woodside's CEO Peter Coleman cautions the industry not to take the expected demand from Asia for granted.

Woodside Petroleum Ltd. Chief Executive Officer Peter Coleman has challenged Australia to be ready for the next stage of its development into a major exporter of liquefied natural gas (LNG).

Speaking at the Australian Petroleum Production and Exploration Association (APPEA) conference in Melbourne this week, Coleman questioned if Australia was prepared for the transition beyond the construction phase of the country’s LNG sector.

Woodside Urges Australia to be Prepared for Next LNG Phase
Woodside Petroleum CEO Peter Coleman Source: APPEA

“For Australia the challenge is now moving from the construction phase to the production, marketing and trading phase – the reality is we are becoming a producer, marketer, and trader,” Coleman explained during a panel session on the LNG sector.

“Are we ready for that as a company and are we ready for that as a country? I think each company has formed its own view on how they want to play in that particularly market.”


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