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Some LNG projects in Australia in trouble
Planned Australian liquefied natural gas (LNG) export projects are at risk as sinking energy prices make investments unviable, reports Reuters. A nearly 50% slump in Asian LNG prices this year has pressured any project without a Final Investment Decision (FID). Last week, Woodside Petroleum Ltd. (ticker: WPL) delayed the FID for its $40 billion Browse floating project with Royal Dutch Shell (ticker: RDSA) and BP (ticker: BP).

The Browse Project is a floating LNG (FLNG) project in the Browse Basin, l...

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