Gas companies operating in non-OECD countries must be able to deliver volumes at less than $6/MMBtu if they are to survive up to and beyond 2030, according to a new report by the Oxford Institute for Energy Studies (OIES).
The report, written by Jonathan Stern – founder of the Natural Gas Research Programme at the OIES – questions the logic of suppliers that are waiting for the market to become tighter in the hope that rising prices will encourage FIDs on new LNG projects.
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