Australian LNG export capacity is set to grow at an unprecedented rate with seven LNG projects in operation and a further three under construction. Export capacity will increase from 87bcm in 2017 to 120 bcm by the end of 2020. With nearly US$240bn of investment through the value chain between 2010 and 2019 project delivery and cost control remain a focus. There remains potential for additional export capacity to be developed. We expect the next wave of development to involve the debottlenecking of plants backfill of projects coming off plateau production and lower cost brownfield expansions where capital investment can be reduced. With LNG prices forecast to remain depressed through to early next decade the ability of operators to reduce costs will be key to any new project sanctions as Australia competes with other low cost regions including North America for an increasingly limited market in the 2020s.