Is the boom over? Deloitte says yes

DELOITTE Access Economics ‘ most recent quarterly report says the LNG construction boom has drawn to a close as Chevron Corporation’s Wheatstone Train 2 and Inpex’s Ichthys comes online, and it sees global oversupply as a drag on new investment in LNG projects in Australia. 

Is the boom over? Deloitte says yes Is the boom over? Deloitte says yes Is the boom over? Deloitte says yes Is the boom over? Deloitte says yes Is the boom over? Deloitte says yes

Once Shell's Prelude ramps up the LNG construction boom will have ended and Australia will have 88MMtpa of nameplate capacity, reckons Deloitte.

"This quarter marks the completion of another two LNG mega-projects," it said. 

 

"The commissioning of all key onshore and offshore facilities at the $45 bil...