Oil price crash: will Australia's LNG projects survive?

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25 March 2020

Oil price crash: will Australia's LNG projects survive?

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

Tables and charts

This report includes 4 images and tables including:

  • 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:

  • Document

    Oil price crash: will Australia's LNG projects survive?

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