Plants with benefits
Once Australia has digested its massive liquified natural gas building programme, costs could fall and productivity rise
Collaboration is the new buzzword in Australia's LNG industry, where construction cost blowouts and lengthy delays in getting new facilities up and running have coincided with a supply glut and slumping spot prices in Asia-Pacific to make Australian LNG just about the most expensive around. Despite the country's efforts to overtake Qatar as the world's largest LNG exporter by 2018, the future of its gas-export industry is far from rosy. Demand in northeast Asia - Australia's key export destination - is unlikely to rebound until next decade and growth in southeast Asian markets is similarly timed. The glut is leading some contracted buyers of Australian LNG to renegotiate the price and le
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5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
