Economic viability of eight major fossil fuel projects in doubt amid predicted gas demand fall, investor group analysis reveals

Australia’s new gas export developments are likely to struggle economically after 2030 if the world lives up to commitments to combat the climate crisis, according to a warning to major investors.

It suggests Australia’s liquified natural gas (LNG) exports could fall slightly this decade before dropping sharply to less than 20% of current levels by 2050 if the world attempts to limit global heating to 1.5C, as agreed under last year’s Glasgow climate pact.

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