Australian LNG producers are likely to become increasingly exposed to LNG spot markets from 2030, which will be awash with uncontracted gas from low-cost Qatar and surplus LNG from portfolio players and major buyers. Low volumes of economic reserves and high production costs could see some Australian LNG infrastructure mothballed before the end of its useful life, resulting in decommissioning costs being brought forward. Global LNG markets are heading towards a supply glut due to unprecedented increases in supply from low-cost producers and weak demand growth. Source: IEEFA