Despite the favourable environment for LNG producers, the outlook for Australia is mixed. Australian LNG exports are forecast to fall marginally, as existing facilities face difficulties backfilling their operations with gas from new reserves. At the same time, investment in offshore exploration remains low despite high commodity prices, which could impact Australian gas production beyond the outlook period. While volatility in LNG markets could re-emerge over the Northern Hemisphere winter and boost spot sale earnings, the base case is that lower energy prices will cause the value of Australian LNG exports to fall to A$60 billion by 2024–25, with volumes also […]