SOURCE: Industrial Info Resources

Industrial Info Resources

December 18, 2014 06:15 ET

Oil Slump Threatens Future Australian LNG Projects, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwired - Dec 18, 2014) - Researched by Industrial Info Resources Australia (Perth, Australia) -- The future of Australia's liquefied natural gas (LNG) industry is threatened by declining oil prices. Traders use oil to benchmark LNG prices. The oil price plunge has reduced the profit margins for Australia's three operating LNG developments and the projected profits of the seven LNG projects that are under construction. Many believe that falling oil prices are threatening the $70 billion worth of proposed LNG projects in Australia, which are considered to be the second wave of the country's energy boom.

Within this article: Details on the Australian LNG market, including the Scarborough Floating Liquefied Natural Gas project from Exxon Mobil Corporation (NYSE:XOM) and BHP Billiton Limited (NYSE:BHP).

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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