Yes those 3 Curtis Island LNG export plants are being finished in the next year, but what about the gas needed to keep them fully utilised. The very nature of CSG is that many hundreds of small wells supply the gas, and they need to be worked over and fracked. And they have short lives and more wells need to be drilled to keep up with demand. There is plenty of work for 10 to 15 years in the Queensland LNG sector, but granted competition is heating up and margins are getting squeezed.
Overdone, page-52
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| AUK (ASX) Chart |