IEA says $200b worth of Australian LNG projects will struggle to be profitable

"Six liquefied natural gas projects under construction at a cost of $200 billion will struggle to break even because of the oil price slump, the International Energy Agency said, and there is little prospect of three in the planning stage going ahead. The agency said even if oil prices recovered and averaged $US60 a barrel for the next few years, Australia's LNG industry – one of the world's biggest – will struggle to be profitable." AFR subscribers can read the full article here (VIEW LINK)