The bubble bursts for Australian LNG

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It’s all eerily familiar, from the ABC:

Big gas producers have more to worry about than the immediate problem of tumbling energy prices.

Longer term, the great new frontier of China may not produce the bountiful legacy the producers expected, as demand forecasts are cut and both the US and Russia enter an already crowded market.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.