Sinking Oil Prices Cause More Heartburn for Australian LNG Exporters

PERTH, AUSTRALIA--December 18, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--The sharp decline of global oil prices is likely to hurt Australian liquefied natural gas (LNG) producers. Nearly $200 billion has been invested in four LNG projects in Western Australia and three in Queensland, which will start operations beginning in mid-2015.

Within this article: Gorgon Offshore LNG project by Chevron Corporation (NYSE:CVX) and APLNG project by Origin Energy.