No, a new LNG boom is not coming to Australia

Advertisement

Via Domain:

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.

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.