A.H In 2021 the main suppliers of China's gas Indonesia and Malaysia is expected to run out . Therefore gas projects will be needed to fill the void left by these events . As large off shore projects take many years to complete , they need to proceed to cover the depletion of both gas and oil fields . However with Woodside it is a bit puzzling as to why they would defer the Browse project . May have been hit harder than they anticipated and are now cash strapped ? Or are they making yet another bad move as they have in the past ? None the less a rebalancing of the oil market is the real answer ......
MRM Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
