Australia is expected to reclaim its title as the world’s biggest exporter of liquefied natural gas after shipments hit a record high last year amid a huge rally in global energy demand and prices.
Last year, Australia’s LNG revenue is estimated to have risen to $48 billion from $36 billion in 2020, he said. However, Australia is less likely to rank as the top exporter next year amid major LNG industry expansion plans being pursued by Qatar and the United States. “Reaching new levels would require new sources of gas to turn around the decline in the North West Shelf, Australia’s largest LNG project,” Dr Bethune said.
And Australians pay through their noses trying to stay warm in winter. What is the export prices landed 7 cents?
A true natural disaster as much of it is fracked.. destroying our ground water .. and much of this is from aboriginal titled lands and under farming properties!! Why is this government allowing this .. ask them to explain and vote them out .
Yes and what use to be a cost effective energy supply is now disgustingly expensive. It our gas and we get screwed because we have to pay price parody. What a joke
I don’t think so cuz you can’t beat Russian
Only corporations are benefitting from it. Not Australians