4 May 2024
Life after the oil crash: How to achieve profitability in a sub-USD 60/barrel world
Publication date: 07 January 2016
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Even before the recent oil price plunge, the escalating cost of natural gas projects were a cause for concern. Between 2004 and 2014, average capital expenditure in upstream and midstream gas projects more than doubled, while the cost of complex LNG and gas-to-liquids (GTL) technologies in some cases quadrupled. With oil prices currently around USD 34/barrel and much gas still traded on oil-linked long-term contracts, many prospective projects have been deferred or cancelled. Today’s challenge for the industry – not just would-be project sponsors, but also the big engineering companies and their suppliers – is how to bring down project costs. Gas Matters examines what the industry could do to achieve that objective.