Woodside CEO Says Higher Winter Gas Prices Show Nervous Market [Financial Post (Toronto, Ontario, Canada)]
Tellurian Inc. (TELL)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The head of Australia's largest liquefied natural gas exporter said that higher prices for the Northern Hemisphere winter, when demand typically peaks, indicate the market is still finely balanced. “What we are seeing in the forward curve, particularly in Asia, is actually a bit of a tick-up versus a typical pricing level,” Meg O'Neill, the chief executive officer of Woodside Energy Group Ltd., said in an interview on Bloomberg TV. “The market is nervous about a cold winter and what that means, and customers are trying to get ready.” While gas prices have eased significantly from the record-high levels in 2022 following Russia's invasion of Ukraine, the market is still susceptible to volatility as little new supply has come online. Europe has turned to LNG to help fill the void left by Russian pipeline gas, risking more competition with Asia, home
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