Australian LNG the Biggest Loser if US Projects Take Off

From The Gladstone Observer

AUSTRALIA will be the biggest loser among liquefied natural gas exporters if US LNG production takes off in a meaningful way, with more exports displaced than any other nation because of the high costs of building new projects.

The finding, in a Deloitte report commissioned by US LNG proponent Cheniere Energy, comes as global engineering contractor KBR – a leader in West Australian projects – says work on US LNG projects is starting to grow as work in Australia dwindles because of surging costs.

The Australian reports if a substantial amount of US LNG is exported to Asia, it could displace the equivalent of one $20 billion project in Australia.

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