Australian LNG the Biggest Loser if US Projects Take Off
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.
