From the AFR:
A leading Singapore liquefied natural gas consultancy has queried whether Australia will see any more new LNG projects sanctioned for development this decade as ventures already under construction are hit with huge cost blowouts and competition increases from East Africa, Russia and North America.
…Tri-Zen said that Russia could emerge as a significant LNG exporter by 2020, noting the approval by Gazprom’s board in October for a 15 million tonnes per year LNG venture at Vladivostok that would start production in 2018.
In East Africa, meanwhile, an LNG plant should be operational in 2018, with an eventual capacity of 50 million tonnes per year, potentially making it the largest LNG facility outside of Qatar.
In North America, TriZen said proposed new export capacity has now reached more than 380 million tonnes per year, considerably more than existing total capacity of 273 million tonnes per year.
Browse will be the “acid test” according to the report. Must be an MB reader.
