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Energy forecasters have tipped a $US200 billion global LNG surge with Australia’s exports forecast to reach $49 billion in value in 2019-20, overtaking Qatar as the world’s largest LNG exporter.
Total industry capital expenditure is expected to reach more than $US200 billion ($285 billion) between 2019 and 2025. Much of it is likely to be spent in Canada, Mozambique, Qatar and the US, which is slated to see a flood of shale gas development.