Whilst demand for clean natural gas is increasing, the commerciality of large-capex projects is being called into serious question
Gavin Wendt
MineLife
Whilst demand for clean natural gas is increasing, the commerciality of large-capex projects is being called into serious question. We agree with industry behemoth, Shell, which claims that only a fraction of the natural gas export projects being developed around the globe will become a commercial reality. The biggest drawback is the massive cost of development at the same time as increased supply is leading to weaker prices. In Asia, where 70% of global LNG trading takes place, spot LNG prices have fallen by more than 35% this year to their lowest level since late 2012. (VIEW LINK)
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Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
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Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
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