Australia Oil & Gas Report Q3 2013 - New Study Released
Australia is on track to become the world's largest liquefied natural gas (LNG) exporter by the end of our forecast period in 2022, surpassing Qatar as a series of major projects come online. However, the spiralling costs of LNG project will most likely slow the momentum in further expansion of Australia's LNG export capacity. The country will also have to contend with a growing reliance on oil imports as domestic crude oil production declines while refining outlook appears increasingly bleak...
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