Do you have a source for the $70 break even claim? Please send a link?
From the Scarborough FID presentation for a 10% rate of return the project needs $5.8 per mmbtu or $34 per barrel oil equivalent. Refer to link below.
https://www.woodside.com/docs/default-source/asx-announcements/2021-asx/061.-scarborough-fid-teleconference-and-investor-presentation.pdf
It is a very globally competitive project due to Pluto T1 already paying for most of the downstream infrastructure.
Woodside, page-1951
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