Woodside CEO: U.S. LNG Sellers May Cut Volumes if Low Prices Persist

The transcript discusses the current state of the LNG market, highlighting the stability of long-term contracts despite challenges such as oversupply and reduced demand in China. The impact of the virus on finalizing contracts due to travel restrictions is noted, with hopes for improvement as the situation stabilizes. The transcript also covers the effects of low LNG prices, the attractiveness of the market to new buyers like India, and the limitations of LNG storage. Finally, it addresses the progress of the Scarborough project, emphasizing the long-term view of potential buyers and the temporary nature of current market disruptions.

What is the current outlook for LNG production in light of pricing trends?

How are Indian buyers responding to the current pricing of LNG?

What challenges are associated with stockpiling LNG as mentioned in the text?