LNG: Having spent $200bn to export gas, is Australia about to import it?  

Posted by Big Gav in , , ,

Now the Australian building boom for LNG plants (exporting natural gas from the north west and coal seam gas from the north east) is over, local utility AGL is wondering if the easiest source of gas in future may be LNG imports from elsewhere - LNG: Having spent $200bn to export gas, is Australia about to import it?.

In a 21st century variant of "selling coals to Newcastle", energy supplier AGL has flagged it may need to spend up to $300 million to build an LNG import depot to shield itself from soaring gas prices and increasing difficulty in finding reliable local supplies.

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