The new super-producer emerges
Years in the making, Australian LNG is about to change the global supply balance
Turmoil in oil markets and tumbling commodity prices may be the global energy sector’s dominant story at the moment. But it should not overshadow a worry that is at least as significant. Australia is truly about to come of age as a new gas superpower. Between now and 2018, seven new multi-train liquefaction facilities will start exporting gas to buyers in Asia-Pacific from strategic points along the Australian coastline – the outcome of more than $180bn in capital investment. The development doesn’t stop there. Providing the technology can be proven commercially viable – and demand warrants them – floating LNG facilities are also planned for Western Australia’s offshore. If you ever worried
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