Low oil prices won’t stop LNG boom: HSBC

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 20 : 4-Nov-15

HSBC’s global head of commodities, Jean-Francois Lambert, expects the crude oil price to trade within a range of $US45 to $US55 per barrel over the next several years. However, he is upbeat about the outlook for Australian LNG producers, arguing that they will adapt to the lower oil price, which has in turn put downward pressure on LNG prices. Meanwhile, HSBC expects the iron ore price to fall to $US52 per tonne in 2016.

CORPORATES
HSBC HOLDINGS PLC

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