Referenced Stocks

Another Threat to Commodities: LNG Next on the List

By International Business Times,  September 24, 2012, 09:22:21 PM EDT

After prices of coal and iron ore had dipped dramatically in the past few months, another major Australian export item is at the risk of falling commodity prices: liquefied natural gas ( LNG ).

LNG stakeholders warned on Tuesday that the booming LNG sector may suffer if the federal government pushes through with a proposal to cut tax breaks since it would make the industry the most uncompetitive in the world, threaten billions of investments in the pipeline and cause the loss of thousands of jobs.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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