November 2015, Vol. 242, No. 11
Features
Hard Decisions for LNG Project Developers
The frustrations of an oversupplied LNG market and low prices were evident as about 100 LNG buyers, sellers, lenders, advisers and goods and services suppliers gathered in London earlier this fall. “How do you plan your business in an environment like that,” said David Ledesma, managing director of South-Court Ltd., a UK-based oil and gas consultancy. “How are you going to go out and make final investment decisions?” Spot-market prices for LNG cargoes delivered to Asia this fall are down two-thirds from the record $20 per million Btu in February 2014. Demand in China is not growing as much as was expected — just as new supplies are coming online from Australia
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