- Australia has ramped up LNG extraction, and is now a global leader
- The fall in energy prices and increases in costs have put the industry in a tight spot
- The final result could be the end of oil-indexed prices for LNG in the world market
When it comes to liquefied natural gas (LNG), Australia breaks world records on several fronts. No other country has had seven LNG projects under construction at the same time. It is at the forefront of technological advances, having approved the world’s first floating LNG facility (Prelude LNG) and the first Coal Seam Gas-LNG projects. Its natural gas export business benefits from diversified conventional and unconventional sources.