Indonesia can’t find a taker for a 35% stake in the $19 bn Masela gas project a year after Dutch Shell abandoned the well. While framed as part of the challenge faced by companies in more remote parts of the world when countries like Qatar continue to discover large quantities of natural gas, ‘decarbonization as the way of the future’ is also cited as a factor.
So what?
The fact that the latter is beginning to tip the scales as a prohibitively high cost curve points to a shift in calculating returns on investment in the energy sector.
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