AUSTRALIAN LNG producers will not have to fear winding down operations in line with net-zero by 2050 commitments because existing projects’ 2P reserves will be exhausted by then anyway, according to EnergyQuest analysis.
Depletions will do net-zero work for producers
The firm released its findings alongside its October update, which saw Australia export a record 7.23 million tonnes, or 105 cargoes, higher than the previous record of 7.2MMt in March. ...
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