An expert, independent of government and industry, explains how prolonged industrial activity on the Burrup Peninsula in WA endangers an Australian marvel.
Wood Mackenzie is an oil and gas industry research house with a Perth office that has expanded its coverage to other commodities and the energy transition.
In a decade hydrogen made with renewable power may be cheaper than making it from gas and offsetting the emissions according to an independent expert analysis but Woodside thinks gas has 30 years left.
If Scarborough, considered the most economic of Woodside's two projects, was uncompetitive before LNG prices crashed then plans will have to change on the Burrup Peninsula.
The iron ore price that had held up in the economic chaos of 2020 is beginning to fall, and the worst case of $US50 a tonne would shatter government revenue just when it is needed the most.
