On March 17, I was invited to present to the Gladstone Engineering Alliance at an event dedicated to showcasing the supply chain capabilities of the membership.
The essence of my remarks are that:
Australia has made a far reaching decision to support natural gas exports driven by demand from China.
The projects are moving into steady state operations
Our villain is the crude oil market that has taken a dramatic fall in price
The global LNG industry has been overturned in its wake
To survive and thrive, Gladstone needs to do three things. First, promote the interaction between its value chains (gas, coal, biomass, bauxite). Second, adopt technologies to help take out cost and improve productivity. Third, become factory-like in all aspects of work.
As only one in ten LNG projects will proceed, Gladstone has a large lead over other exporting cities and will be able to expand in the future.
The slides for the presentation are available on Slideshare.Net. If you're unable to access Sli