Woodside's O'Neill says that the LNG market will grow by 50% over the next decade.

Woodside Energy's CEO, who spoke on Tuesday, said that the company expects global demand for liquefied gas (LNG), to increase by 50 percent in the next decade.

Over the past decade, the LNG market has grown by 50%. Meg O'Neill, speaking at the Energy Intelligence Forum held in London, said that she expects the market to grow another 50% over the next decade.

O'Neill stated that the company has received interest from many onshore gas companies and other companies in partnering with its Driftwood LNG Project and that talks are ongoing.

We have the financial strength to fund our 50%. "We want to keep 50% of our portfolio in our portfolio, so that we don't rush to do cheap LNG deals because we believe we have a high-quality opportunity ahead of the others in line," O'Neill stated.

Woodside has agreed to purchase U.S. LNG developer Tellurian, as well as its U.S. Gulf Coast Driftwood LNG Export Project, for $1.2billion including debt.

This agreement could help the U.S. become the largest producer of super-cooled gas in the world by ensuring the completion of Tellurian’s 27,6 million metric tons per year facility in Lake Charles (Louisiana). Reporting by Marwa Rashed, Ron Bousso, and Robert Harvey from London. (Editing by David Goodman, Mark Potter and Mark Potter.

(source: Reuters)