With the reality that it hosts seven of the world's 10 major liquefied natural gas ( LNG ) projects, it is no remote idea that Australia could very well become the world's LNG hub by 2020.
"The projects already under development will take us ahead of Qatar. It's just a case of when that happens," Chris Graham, a Wood Mackenzie analyst, told the AFP.
These existing projects cost AU$176 billion or US$183 billion of private Australian and foreign investment in gas projects since 2007. But these amounts as well as the number of LNG projects in Australia could further hike due mostly to the nation's very friendly business climate.
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