Woodside CEO on the Race to Supply China With LNG

The video discusses the global LNG market, highlighting the roles of major players like the US, Australia, and Qatar. It explores China's growing demand and the competitive landscape, particularly focusing on Woodside's position. The impact of US LNG on global pricing and market dynamics is examined, along with the challenges of securing long-term contracts in a competitive environment.

Which countries are expected to dominate the global LNG supply by 2023?

• Russia, Canada, and Brazil

• US, Australia, and Qatar

• Norway, Saudi Arabia, and UAE

• India, China, and Japan

What is the expected growth in China's LNG demand over the next five years?

• 50%

• 37%

• 10%

• 25%

What is Peter Coleman's perspective on US competition in the LNG market?

• He feels it will lead to market monopolization.

• He views it as beneficial for both buyers and sellers.

• He thinks it creates more barriers to entry.

• He believes it is detrimental to existing players.

How has the US entry into the LNG market affected new sellers?

• It has made it harder for new sellers to enter.

• It has created more opportunities for new sellers.

• It has led to a decrease in market liquidity.

• It has increased the cost of entry for new sellers.

Why are LNG prices in Asia significantly higher than in the US?

• Due to higher transportation costs in the US.

• Due to lower demand for LNG in Asia.

• Because of the lack of indigenous gas supplies in Asia.

• Because Asia has more gas reserves than the US.

What is a key factor driving competition in the US LNG market?

• High transportation costs

• Limited gas reserves

• Gas on gas competition

• Government subsidies

What is a major challenge in selling LNG currently?

• Securing short-term contracts

• Finding new markets

• Reducing production costs

• Securing long-term contracts