Global LNG Glut Threatens Australian Exporters
Global LNG Glut Threatens Australian Exporters
PERTH, AUSTRALIA--October 29, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--Australia's LNG exporters are worried that an impending global liquefied natural gas (LNG) flood will lead to oversupply and weaker profits. The uncertainly has been exacerbated by the reluctance of Asian buyers to commit to long-term contracts of 20 to 25 years.
Within this article: Impact of growing U.S. liquefied natural gas production on Australian projects, such as the Gorgon LNG project by Chevron Corporation (NYSE:CVX).
Other companies featured: Citigroup (NYSE:C)
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