MIXED FORTUNES FOR AUSTRALIA'S GAS PIPELINES

摘要

The era for mega-long pipeline construction is over for the time being. Australia will not escape the reduction of 15-20% in global exploration and production spending, which "will percolate down the value chain," according to Jason Waldie, associate director of energy forecasting company Douglas-Westwood Pte. Ltd. Falling LNG prices alongside huge cost overruns and a slowdown in new contracts have led investors to put over $100 billion worth of LNG projects on hold. Nevertheless, investment in short-distance pipelines and capacity enhancements are likely to continue helping Australia to become the world's lead-ing LNG exporter by 2020.