The International Energy Agency (IEA) has reported that A$200 billion (US$141.7 billion) of investment in six liquefied natural gas (LNG) plants currently under construction in Australia will struggle to generate a return due to falling energy prices. The IEA also doubts whether three projects currently in the planning stage will go ahead. The Australian Financial Review reported IEA senior gas expert Constanza Jacazio as saying that, in a US$60 oil environment, Australian projects will continue but are probably not breaking even, and it was unlikely anything else in Australia would proceed beyond imminent projects. Another startling barometer of the impact of the price drop is the revelation that about 15 chief executives of resources and mining services companies have been replaced this year.
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