BAKU, Azerbaijan, November 10. Woodside Energy
expects European LNG demand to increase by 39 million tonnes per
annum (Mtpa) between 2026 and 2040, according to the company’s
Capital Markets Day 2026 presentation, which draws on Wood
Mackenzie data.
The company described the expected rise as growth of more than
30 percent in European LNG demand.
Woodside said its Louisiana LNG project, which is targeting
first LNG in 2029, will connect US Gulf Coast supply to global
markets and strengthen its Atlantic basin position. The company is
also studying an expansion of the plant through Trains 4 and 5,
which would add 11.1 Mtpa of fully permitted capacity.
Europe has become one of the world’s largest LNG import markets
since 2022, as countries replaced Russian pipeline gas with LNG
from the US, Qatar and other suppliers. Woodside Energy,
headquartered in Perth, is Australia’s largest independent oil and
gas company and is listed on the Australian Securities Exchange and
the New York Stock Exchange. Woodside took control of the Louisiana
LNG project, formerly known as Driftwood LNG, through its
acquisition of US company Tellurian in 2024, and took the final
investment decision on the project in 2025.
The company has operated LNG since 1989 and currently
holds about 19 Mtpa of liquefaction capacity in Australia. Its
Louisiana LNG project on the US Gulf Coast, comprising three trains
with a total capacity of 16.5 Mtpa, is targeting first LNG in 2029
and is expected to significantly strengthen Woodside’s position in
the Atlantic basin and its ability to supply European and other
global markets.
