Plants with benefits
Once Australia has digested its massive liquified natural gas building programme, costs could fall and productivity rise
Collaboration is the new buzzword in Australia's LNG industry, where construction cost blowouts and lengthy delays in getting new facilities up and running have coincided with a supply glut and slumping spot prices in Asia-Pacific to make Australian LNG just about the most expensive around. Despite the country's efforts to overtake Qatar as the world's largest LNG exporter by 2018, the future of its gas-export industry is far from rosy. Demand in northeast Asia - Australia's key export destination - is unlikely to rebound until next decade and growth in southeast Asian markets is similarly timed. The glut is leading some contracted buyers of Australian LNG to renegotiate the price and le
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23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
