Queensland’s high-cost LNG exporters may have to curtail production as some drilling becomes uneconomic amid depressed prices caused by a worldwide supply glut, global energy consultancy Wood Mackenzie warns.
In what he describes as the coming “LNG wars”, analyst Saul Kavonic will tell the APPEA oil and gas conference on Monday that the ongoing need for drilling at the three Queensland LNG ventures makes them particularly vulnerable in what is expected to be an extended period of depressed prices.
Via the AFR:
