There will be competition from LNG import terminals (Ref: The Australian 18/9/18):
SA - Mitsubishi backed Venice Energy; Mid 2020
VIC - AGL Crib Pt; First Half 2020
VIC - Exxon Mobil ; 2022 (Under consideration)
NSW - Australian Industrial Energy Pt Kembla; Early 2020
Seems like a crowd of import terminals -- maybe they all wont be built, though we thought that about the Gladstone LNG plants and 3 out of 4 got built. They will definitely put pressure on prices, though the floor would be the LNG market price. How much spare LNG would be floating around on the spot market ?
Will SXY be able to develop and produce its resources to meet the market price ?
SXY Price at posting:
46.0¢ Sentiment: None Disclosure: Held
