Referenced Stocks

Shell Complains That Australia Has Highest Global LNG Cost Base

By International Business Times,  July 25, 2012, 08:16:38 PM EDT

Due to the high liquefied natural gas ( LNG ) cost base in Australia, which Royal Dutch Shell has described as the highest in the world, new investments in the LNG sector may be under threat. LNG is considered a sunshine industry for Australia and experts have forecast the country would be the world's largest LNG exporter by 2020.

Besides increasing construction and labour costs, gas executives pointed to green activism and labour shortages as the other major challenges to the industry.

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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