LNG Companies Upbeat Despite Economic Headwinds

May 9, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid concerns about a bloated market and headwinds for the global economy, companies working in the liquefied natural gas (LNG) sector are optimistic, with Australia's Woodside Energy Group (NYSE:WDS) (Perth, Australia) expecting a surge in sales volumes by the start of the next decade. LNG emerged as a fuel of choice in 2022 when sanctions imposed on Russia for its invasion of Ukraine left a massive void in a European market that was heavily dependent on Russia for its piped-gas reserves. Since then, the United States has emerged as a key supplier, though the likes of Australia and Qatar are doing their own heavy lifting.