An LNG tanker
Australia's LNG projects regain momentum
The country’s liquefaction sector is trying to rebound from a challenging 12 months where billions of dollars’ worth of feedstock projects went on the back burner
Australian producers Woodside and Santos both opted to defer FIDs on gas projects last year, as they sought to ride out the global economic downturn caused by the coronavirus pandemic. While Woodside put a pin in the A$16bn ($12.6bn) Scarborough scheme, Santos pushed back the $4.7bn Barossa project. However, the developers now have renewed confidence in their projects following a months-long rally in spot LNG prices that culminated in an all-time high being set in January. As such, decisions around the Scarborough and Barossa projects are both expected later this year. “Trading entities and gas buyers are becoming aware of the long-term risks of inadequate supply” Zeng, Rystad Energy
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
