New LNG supply evaporates in a 2C world: Woodmac

WHILE Wood Mackenzie noted at least one Australian LNG project would be sanctioned next year, its overall outlook for the industry paints a less rosy picture if the world intends to keep global heating below 2 degrees.

New LNG supply evaporates in a 2C world: Woodmac New LNG supply evaporates in a 2C world: Woodmac New LNG supply evaporates in a 2C world: Woodmac New LNG supply evaporates in a 2C world: Woodmac New LNG supply evaporates in a 2C world: Woodmac

Analysis released overnight showed that around 77% of new global LNG supply would be at risk in a 2C scenario and around 12 trillion cubic metres of discovered gas would be stranded.