Australasia upstream: 5 things to look for in 2021 Report

Insight 02 December 2020

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Report summary

After a year of change and uncertainty, the Australasian upstream sector will be back with a vengeance in 2021. So, what are we looking for? Operators in the region will continue to respond to the energy transition. Reducing carbon emissions will be front of mind as operators announce new projects and ambitious targets. Investment will be return after a lean year. A fresh round of FIDs will be led by LNG developments. The Australasian corporate landscape will also change with the majors and large IOCs considering their role in the region. We expect M&A will rebound next year, with at least one high-value asset changing hands. The east coast market will also feel the far-reaching consequences of an LNG import terminal being sanctioned.