LNG CONTINUES TO PROVIDE OPPORTUNITIES OFFSHORE

摘要

Speaking towards the end of 2015, Dr Graeme Bethune, chief executive officer of EnergyQuest, said he believes the rapid growth in Australia's LNG production is unlikely to be affected by the global slump in oil and gas prices. Releasing the 40th edition of the EnergyQuest quarterly report on the Australian energy sector, Dr Bethune said that, while LNG prices are much lower than they used to be, the new Australian projects are still likely to generate loads of cash, just like the existing projects, and the producers will want the projects to produce as much as they possibly can. Dr Bethune said the breakeven operating cost for new Australian projects is quite low, typically below US$4 per million British thermal units (MMBtu). It is even lower for established projects - the North West Shelf, Darwin LNG and Pluto. "Notwithstanding low oil prices and the LNG oversupply, LNG prices are still well above US$4/MMBtu," Dr Bethune said.