Shares of Woodside Energy Group Remain Flat as CEO Dismisses China LNG Demand Fears
MT Newswires Live09-03
Shares of Woodside Energy Group (ASX:WDS) remained flat in recent Wednesday trade after the company's chief executive dismissed concerns over reduced liquefied natural gas (LNG) demand from China following Russia's launch of the Power of Siberia 2 gas pipeline to China.
The pipeline could cut China's LNG imports by 40 million metric tons annually by 2031, but the company remains optimistic about strong demand across Asia, especially in South Korea, Japan, India, Pakistan, and Bangladesh.
The company is advancing its Louisiana LNG project, working with the US government to reduce tariff risks, with labor and US-made materials accounting for much of the cost.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
