LNG is changing the rules
The future of Australia's natural gas resource is one of incredible growth but a corresponding volatility in price and usage.
The production of Australian natural gas will treble by 2019 to around 1900 petajoules. However, with the extra supply also comes rises in domestic prices and reduced domestic consumption. By 2019 Australia will use only 25 per cent of its produced gas, the rest being frozen and compressed into liquefied natural gas (LNG) and shipped to markets predominantly in North Asia.
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