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Friday, 7 July 2017

Qatar Flexing LNG Muscle Puts U.S., Australia Plants at Risk - Bloomberg

Qatar Flexing LNG Muscle Puts U.S., Australia Plants at Risk - Bloomberg:

"As if billions of dollars of liquefied natural gas project cost overruns and the prospect of a glut well into the next decade weren’t enough, proposed export sites now face increased competition from the world’s biggest producer.

Qatar’s announcement Tuesday that it would double production from the giant North Field comes as more than two-thirds of new projects due in the next decade from Texas to Australia are yet to take investment decisions. The sheikdom, which started some of the largest plants at the end of the last decade, has one of the lowest break-even prices, according to Sanford C. Bernstein & Co."



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