Woodside Energy expects to market a higher percentage of its liquefied natural gas to spot market customers amid the backdrop of a potential escalating bidding war between European and North Asian customers this winter.

The Australian major delivered 18% of its LNG volumes into the spot market in the first half of 2022 but is expecting to hit an aggregate of between 20% and 25%, according to chief executive Meg O’Neill.

Typically, volumes from the company’s equity liquefaction projects Down Under are delivered to term customers in Asia, while Woodside has supplied both the Asian and European spot markets with cargoes sourced from Cheniere’s Corpus Christi LNG project in the US.