Thread by @PeteMilne4

Before we embark on our next gas-fired recovery, it might be worthwhile checking in to see how the last one is going. So here is an around the country tour of the #LNG boom starting in Queensland. 1/11

Building 3 plants next to each other on Curtis Island at the same time was outrageously wasteful. @Santos' Gladstone plant has never been full and gas supply will only tighten, so let's not assume new east coast supply will help the local market. 2/11
afr.com/companies/ener…

@SantosLtd has just taken over the Darwin LNG plant that is likely to be empty in a few years when gas from Bayu Undan dries up. The partners have had a decade to plan a new supply and all they have is the possibility of Barossa, that is full of CO2. 3/11 boilingcold.com.au/santos-dirty-b…

Next door is the $US45B Ichthys LNG run by @inpex that started its offshore operations knowing it had a raft of safety problems, and this week is slashing its operational staff. Fingers crossed for the safety of the workers. 4/11 thewest.com.au/business/energ…

@Shell's $US17B Prelude floating LNG is only 20km from the Ichthys offshore facilities, but of course was developed separately, as inter-company rivalry trumps all again. It was to be a technical marvel but has been a disaster so far. 5/11 boilingcold.com.au/after-prelude-…

@WoodsideEnergy's North West Shelf, the original Australian LNG project, could be up to 40% empty in 7 years, according to @WoodMackenzie. It only has tentative agreements for some small gas supply. Browse, that was to fill NWS, is as dead as a dodo. 6/11 boilingcold.com.au/woodside-brows…

@Chevron wants to sell out of the North West Shelf but finding a buyer for an old, inefficient project with a huge decommissioning liability and no certainty of gas supply may be a bit tricky. 7/11 boilingcold.com.au/chevrons-north…

Pluto sits next to NWS. Plans to keep it full and expand with Scarborough gas were uneconomic even before COVID. 8/11 boilingcold.com.au/woodsides-scar…

@Chevron is busy trying to get the dodgy welds at its $US54B Gorgon LNG project fixed, but can't seem to do simple things like weld procedures properly. 9/11 boilingcold.com.au/chevrons-fix-o…

And of course, there are the infamously late attempts to reinject Gorgon's CO2 under Barrow Island. 10/11 boilingcold.com.au/chevrons-dodge…

To complete the tour, @Chevron's $US34B Wheatstone plant is running well but execs admit that Gorgon & Wheatstone will never return more than 10% due to massive costs.
The reality of returns from oil and gas, as opposed to the promise, makes sense of BP's pivot to other energy.