The majors are looking to North America and Russia fo their next tranche of LNG export projects as high labou costs stall proposed capacity additions in Australia.But capital expenditure constraints and regulatory obstacles could slow final investment decisions(FIDs). Cost overruns have diminished the majors’appetite to increase capacity in Australia beyond the five LNG plants they are building.Other projects are being considered but no FID has been reached in Australia for almost two years. “Project stakeholders are likely to adopt a wait-and-see atti tude,”the IEA says in its 2014 Medium-Term Gas Market Report this week.
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