Straya to throw more LNG at glut? Pfft

Advertisement

The Australian is excited about more LNG investment:

Australia’s decade-long gas investment boom could have further to run, with looming spare capacity at the nation’s oldest LNG plants providing the potential for $20 billion of development decisions in the next five years.

Potential appetite for the new investment was evident this past week when North West Shelf LNG project operator Woodside Petroleum struck a low-cost deal with its Shelf partner BHP Billiton to buy a 25 per cent stake in the big, remote Scarborough gas fields.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.