Australia's booming LNG industry stalls after fall in oil prices amid coronavirus

Australia's booming LNG industry stalls after fall in oil prices amid coronavirus More than $80bn of investment decisions are delayed due to a collapsed oil price and a geopolitical price warFollow the latest Australia coronavirus live newsSign up for Guardian Australia’s daily coronavirus emailDownload the free Guardian app to get the most important news notificationsThe extraordinary growth in Australia’s liquefied natural gas (LNG) industry, the main cause of recent rises in national greenhouse gas emissions, has stalled indefinitely, with decisions on more than $80bn of investments delayed due to a collapsed oil price sunk by coronavirus and a geopolitical price war.The price of Brent crude oil is less than half what it… Source – Full Article https://www.theguardian.com/environment/2020/apr/13/australias-booming-lng-industry-stalls-after-fall-in-oil-prices-amid-coronavirus