Asia Pacific pre-FID projects: Six billion boe ready to go?

 Wood Mackenzie has identified 20 pre-FID projects across the Asia Pacific region targeting for sanction before 2020:- Represent total associated capex of US$66 billion Shallow water gas projects dominate by theme, with Australia and Malaysia the key countries Average lead time from discovery to estimated FID date is 15 years, highlighting the region's many regulatory/fiscal challenges The road to sanction remains a bumpy one for most: Issues over gas price, JV alignment and operator priorities remain unresolved  Lower costs required for many oil and gas projects to get them down the cost-curve and attract new development capital Gas projects with breakevens over US$7/mcf will struggle to progress if they are competing against potentially lower-cost LNG imports