Australia’s oil and gas markets are in for some big changes in 2020. A recent article on abc.net’s website revealed some predictions from BDO, a large global business consulting company.

The Australian Liquified Natural Gas industry has invested more than $200 billion in infrastructure construction. As the construction boom winds down, the industry now is shifting its focus on production. However, in 2016, that production was hampered when oil prices dropped to a low of $26 a barrel. This resulted in large energy companies such as Santos with their partners taking large write-offs, so share prices plummeted. In Australia, the cost of LNG is directly tied to the cost of oil. Continue reading →