Another Threat to Commodities: LNG Next on the List

By Vittorio Hernandez,

Shutterstock photo

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.

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This article appears in: Investing Commodities
Referenced Stocks: LNG

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