Insight
Oil price crash: will Australia's LNG projects survive?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oil prices have plummeted. This is a second punch to the gut for LNG prices, after corona-virus sent LNG spot prices through the floor. 2020 was meant to be a significant year for Australian LNG with three projects – Crux, Scarborough and Barossa – moving towards FID. But right now, operators globally must bolster their balance sheets to survive a prolonged low oil price. Delaying discretionary spend and preserving short-term cash flow is the priority. The ability to fund and willingness to undertake new capital-intensive projects is under scrutiny. Will Woodside and Santos sanction the Scarborough and Barossa projects? Or are delays inevitable?
Table of contents
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Executive Summary
- Short term cash flow is the priority
- No more M&A deals in 2020?
Tables and charts
This report includes the following images and tables:
- Santos production forecast
- Woodside production forecast
- Impact of oil price collapse on company revenue
- Project valuations with varying long term oil price scenarios
What's included
This report contains:
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