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Can Australian LNG projects stay competitive?

In less than a year, the Australian LNG landscape has gone from a feeling of euphoria to one of increasing negativity and pessimism. There is no doubt that the pendulum of sentiment tends to overshoot both extremes – the scale of the exuberance of 2010-2012 was, in hindsight, unjustified and unprecedented in the global LNG arena. Similarly, the pervasive pessimism today may be self-destructive if left unchecked. However, I will argue that some degree of caution is the prudent strategy when facing increasing uncertainty, and may be better for the long term competitiveness of the Australian LNG industry.

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