Whilst demand for clean natural gas is increasing, the commerciality of large-capex projects is being called into serious question
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MineLife
Whilst demand for clean natural gas is increasing, the commerciality of large-capex projects is being called into serious question. We agree with industry behemoth, Shell, which claims that only a fraction of the natural gas export projects being developed around the globe will become a commercial reality. The biggest drawback is the massive cost of development at the same time as increased supply is leading to weaker prices. In Asia, where 70% of global LNG trading takes place, spot LNG prices have fallen by more than 35% this year to their lowest level since late 2012. (VIEW LINK)
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![Gavin Wendt](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBVZz09IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--164b5589f632bf75e84060e9f39ace9be52c33a0/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/08.jpg)
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
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![Gavin Wendt](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBVZz09IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--164b5589f632bf75e84060e9f39ace9be52c33a0/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/08.jpg)
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).