{"id":8297,"date":"2013-08-19T00:00:00","date_gmt":"2013-08-19T00:00:00","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/dw-monday-australian-lng-investment-to-peak-where-next-for-major-gas-projects-3\/"},"modified":"2022-09-07T02:52:25","modified_gmt":"2022-09-07T01:52:25","slug":"dw-monday-australian-lng-investment-to-peak-where-next-for-major-gas-projects-3","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/dw-monday-australian-lng-investment-to-peak-where-next-for-major-gas-projects-3","title":{"rendered":"DW Monday: Australian LNG Investment to Peak &#8211; Where Next For Major Gas Projects?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-3020\" src=\"http:\/\/www.douglas-westwood.com\/wp-content\/uploads\/2015\/05\/DW-Monday-Logo-PNG-300x75.png\" alt=\"DW Monday\" width=\"300\" height=\"75\" \/>The great US hydrocarbon revival of the past three years and huge natural gas finds elsewhere in areas such as East Africa is having a profound impact on the status quo of the upstream energy environment. Whilst recent BP figures suggest US oil output increased 14% between 2011 &amp; 2012, the glut of natural gas is also expected to have a big knock-on effect. A change in stance on gas exports from Washington is now casting doubts over the long term future of Australia\u2019s position as the undisputed \u201cdarling\u201d of the global LNG industry. Contractors have flocked to the country to grab a slice of the $90 billion LNG plant build market forecast for the next five years, but unbridled cost inflation coupled with the threat of cheaper supply from elsewhere appeared to be curtailing this opportunity when Woodside formally shelved its $45 billion Browse LNG development in April 2013. At Douglas-Westwood we now expect Australian LNG Capex (fixed-onshore) to top-out at a $25bn peak in both 2014 and 2015.<\/p>\n<p>It\u2019s not clear yet whether lobbying from arbitrage-hungry E&amp;P companies in the US and Canada will expedite the roll-out of multi-billion dollars of anticipated North American LNG export projects, or if environmental and political concerns will keep this gas out of the global market. Despite the virtual certainties of a huge growth in long-term natural gas supply and demand, many questions remain and undoubtedly the global gas industry is headed for a period of major re-definition. So who will be the winners?<\/p>\n<p>Jason Waldie, Douglas-Westwood Singapore<br \/>\n+65 6635 2005 or <a href=\"mailto:jason.waldie@douglaswestwood.com\">jason.waldie@douglaswestwood.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The great US hydrocarbon revival of the past three years and huge natural gas finds&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48,49],"tags":[],"class_list":{"0":"post-8297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"category-westwood-insight"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DW Monday: Australian LNG Investment to Peak - Where Next For Major Gas Projects? - Westwood<\/title>\n<meta name=\"description\" content=\"A change in stance from Washington is now casting doubts over the long term future of Australia\u2019s position as the undisputed \u201cdarling\u201d of the LNG industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/news\/dw-monday-australian-lng-investment-to-peak-where-next-for-major-gas-projects-3\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DW Monday: Australian LNG Investment to Peak - Where Next For Major Gas Projects? 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