Natural gas industry faces twin challenges of energy transition and supporting economic growth: Woodside
The natural gas industry faces the twin, significant challenges of managing the energy transition and supporting economic development, Woodside Energy CEO Meg O'Neill said at a session at the World Gas Conference in Daegu, South Korea, on May 24.
This year's conference is convening at a time of "historic" geo-hostility and volatility, O'Neill added, exacerbated by the tragedy of the ongoing war in Ukraine. She was speaking to a plenary discussion alongside ExxonMobil head of global LNG Peter Clarke, KOGAS CEO Hee-Bong Chae and Tellurian CEO Octavio Simoes, with S&P Global Gas chief strategist Michael Stoppard moderating.
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One of the key topics discussed was how infrastructure can be provided to develop a hydrogen market, including blue hydrogen derived from natural gas. Up to 10% hydrogen could be blended into the natural gas system without any upgrades being required, O'Neill said.
The conference comes as Woodside seeks to complete its merger with BHP Group. The deal is expected to turn Woodside and BHP into a top 10 independent energy company by production, and the largest energy company listed on the ASX.