At 4.20/mmtu that less than the feed stock cost in Australia. Loss has reached almost $5 to $6/mmbtu.
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If this Low LNG Price continue for few more months, Santos and Origin Energy will either shut down their LNG plant or go for another Capital Raising to Fund the Loss Making LNG Ventures..
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.. http://www.platts.com/latest-news/n...3?hootpostid=cef0689bb3498527b99c998d71e51242
OSH Price at posting:
$7.00 Sentiment: None Disclosure: Held