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Woodside Bets Big on LNG as Transition Fuel

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Australia's LNG pioneer Woodside Energy is at a crossroads. Since Meg O'Neill took the reins last year, the company has announced the transformative acquisition of BHP's oil and gas portfolio, sanctioned the biggest oil and gas development in Australia for 10 years, and made initial steps toward the production of hydrogen and ammonia as part of its energy transition strategy. O'Neill is tasked with not only shepherding the BHP deal to the finish line and merging the two portfolios, but also implementing a sound transition plan amid intensifying environmental, social and governance pressure from investors. She tells Energy Intelligence in an exclusive interview that she is not worried about the role of gas and LNG in the transition. "We’re a firm believer that LNG and gas play a very important role in the world’s decarbonization pathway," she says. O'Neill was named CEO last August after the retirement of Woodside's long-serving boss Peter Coleman, who held the job for 10 years. She joined the company in 2018 to serve as chief operations officer, holding responsibility over for Woodside’s developments, including the Scarborough gas project, along with overseeing the firm’s marketing, trading and shipping activities.

Topics:
Gas Supply, LNG Supply, LNG Projects, LNG Demand
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