By Helen Clark

PERTH (Reuters) -Australia’s Woodside Energy expects its sales of oil and gas to climb by 50% by 2032 to meet rising demand for energy, particularly in Asian markets, company CEO Meg O’Neill said on Wednesday.

Over the next seven years, sales should rise to 300 million barrels of oil equivalent per year, from 203.5 million boe a year in 2024, O’Neill said in a presentation during the company’s Capital Markets Day.

That is a 6% increase annually in sales, the presentation showed. It aims for $9 billion of free cash flow by 2032.

O’Neill said despite forecasts suggesting LNG export overcapacity for the rest of the decade Woodside had signed export contracts each year to 2030 and “we do think the market is very elastic and there is quite significant capacity for the market

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