Australian LNG industry is absolutely cooked right now.

A rolling thread
(June) One in three tankers loaded with cargoes of Australian liquefied natural gas last month is either anchored at sea or taking a longer-than-usual journey to its destination as coronavirus prompts more buyers to delay deliveries. https://www.smh.com.au/business/the-economy/sailing-around-in-circles-lng-tankers-idle-at-sea-as-buyers-delay-cargoes-20200716-p55cou.html
Sailing around in circles: LNG tankers idle at sea as buyers delay cargoes

One in three tankers loaded with cargoes of Australian LNG in June is either anchored at sea or taking a longer-than-usual journey to its destination.

https://www.smh.com.au/business/the-economy/sailing-around-in-circles-lng-tankers-idle-at-sea-as-buyers-delay-cargoes-20200716-p55cou.html
(July) Crucial pressure vessels that Chevron was to install on its $US54 billion Gorgon LNG plant have thousands of dangerous cracks and a solution may cut production for months. https://www.boilingcold.com.au/cracks-at-chevrons-gorgon-threaten-lng-production/
Cracks at Chevron's Gorgon a safety worry

Thousands of cracks raise questions about the safety of Gorgon LNG & Chevron will decide what to do, not the safety regulator.

https://www.boilingcold.com.au/cracks-at-chevrons-gorgon-threaten-lng-production/
(Aug) Major Australian insurer Suncorp will end any financing or insuring of the oil and gas industry by 2025, adding to the group’s existing ban on support for new thermal coal projects. https://www.theguardian.com/environment/2020/aug/21/insurance-giant-suncorp-to-end-coverage-and-finance-for-oil-and-gas-industry
Insurance giant Suncorp to end coverage and finance for oil and gas industry

Suncorp’s decision to pull out of industry by 2025 puts it at odds with government push for gas-led recovery

https://www.theguardian.com/environment/2020/aug/21/insurance-giant-suncorp-to-end-coverage-and-finance-for-oil-and-gas-industry
(Aug) Prelude FLNG is the largest floating object ever built... With five times the steel of the Sydney Harbour Bridge and half a kilometre long... it risks becoming the world's biggest white elephant. https://www.abc.net.au/news/2020-08-21/worlds-largest-floating-lng-factory-remains-in-shutdown/12565490
'It just hasn't worked': Just 3 years old, the world's largest floating factory remains offline

Shell's massive floating LNG factory off the Kimberley coast has been in shutdown since February and analysts are divided on whether the multi-billion-dollar facility has a future.

https://www.abc.net.au/news/2020-08-21/worlds-largest-floating-lng-factory-remains-in-shutdown/12565490
Inpex slashes value of Prelude LNG by a third https://www.boilingcold.com.au/inpex-slashes-value-of-prelude-lng-by-a-third/
Inpex cuts Prelude value by a third

Inpex cuts the the value of Shell's Prelude floating LNG by 37% this year, joining the queue of companies seeing less value in Australia's LNG future.

https://www.boilingcold.com.au/inpex-slashes-value-of-prelude-lng-by-a-third/
Santos posts loss. https://www.theage.com.au/business/companies/santos-sinks-to-loss-as-pandemic-guts-lng-prices-20200819-p55ndg.html?__twitter_impression=true
Santos boss pushes back amid gas price feud

Oil and gas giant Santos has sunk to a half-year loss of more than $400 million as COVID-19 pummels energy demand.

https://www.theage.com.au/business/companies/santos-sinks-to-loss-as-pandemic-guts-lng-prices-20200819-p55ndg.html?__twitter_impression=true
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