07-26-2012, 04:02 AM
Although I've been wondering about the viability of all these Aussie projects for years (especially after reading that the Conoco/Origin project needs to drill, treat and man 20,500 wells or so), with a globalizing LNG market, it puts a floor under LNG prices. In oil (already globalized), the floor is the cost base of the marginal producers, any reason to think this will be different in LNG when the globalization process is in its advanced stages (this is some way off, but still)..