Petronas, Woodside Push Non-Mideast LNG to Asian Buyers
Part of composite article Petronas and Woodside Push Non-Mideast LNG to Asian Buyers as Middle East Tensions Rise View full article →
Malaysia's Petronas and Australia's Woodside are offering liquefied natural gas (LNG) from outside the Middle East to Asian buyers. LNG is natural gas cooled to liquid form for shipping.
The two companies are promoting these alternative supplies as tensions in the Middle East raise concerns about supply security. Asian buyers depend heavily on Middle Eastern LNG, so any disruption could hit their energy supply.
Petronas and Woodside did not announce new deals. Their message to buyers is simple: supply from Malaysia and Australia can reduce reliance on the Middle East.
The push comes as Asian countries seek stable energy sources amid global supply worries.