Any thoughts on the future for gas markets, given the glut in the US and big increases in production from Canada, Tanzania and Mozambique? It appears that due to our high costs and increased world production Australia may see a major slow down in new LNG projects. Buru, of course has the domestic market to supply into as their first option, but given the huge volumes of gas, be it tight or wet or unconventional that appear to be available going forward for the company, declining international prices and increased world production capacity would surely rule a line under export possibilities in the future?
The strength for Buru as I see it, is oil. the domestic gas market and its ties to the Japanese market via Mitsubishi.
Anyways, be interested to hear any thoughts on this subject.
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