Referenced Stocks

Australia’s Gas Boom Very Good for Economy, But Brace for Labor Shortage

By International Business Times,  June 24, 2012, 11:46:21 PM EDT

Australia is set to ride on a massive natural gas boom that will surely propel the nation to a new level of economic heights, but it ought to drumbeat its labor supply as early as now to aid this development.

In an analysis Written by the Deloitte Access for the Australian Petroleum Production and Exploration Association (APPEA), it said that investments in liquefied natural gas ( LNG ) by 2016 will add 2.2 per cent to Australia's gross domestic product growth, making the island-nation the world's second-largest exporter of LNG.

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



Latest News Video

Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...
How to Invest When Interest Rates Rise
How to Invest When Interest Rates R...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%