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Australia on the verge of a gas boom
Topic Started: 27 Sep 2013, 10:27 PM (742 Views)
Black Panther
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Australia on the verge of a gas boom.

Domestic gas supplies and exports are expected to grow rapidly by the end of the decade, enticing more major international oil and gas players to set up shop.

While iron ore, coal and gold have traditionally been the nation's big earners, analysts say Asia's insatiable demand for energy will lead to strong growth in gas production, as more than $200 billion in projects come online.

The industry is talking about an imminent boom in liquefied natural gas (LNG) exports, with four-fold growth projected by 2020 as China and Japan soak up Australia's supply.

But some analysts question whether the heady projections are realistic, given the risks that demand will not materialise.

Still, the federal government forecasts Australia will become the second biggest LNG exporter in just over two years.

Seven major projects are being built across the country, with three in WA, three in Queensland and one in the Northern Territory.

WA Premier Colin Barnett is certainly excited by the prospect of a gas boom in his state, predicting China's rapid growth will continue and as Japan acknowledges it will need more gas post-Fukushima.

Read more: http://www.news.com.au/business/breaking-news/australia-on-the-verge-of-a-gas-boom/story-e6frfkur-1226728691229#ixzz2g5joCnDJ

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I don't believe it.

Barnet just said no to flng.
Japan is signing deals with canada now .


Has any one looked at the break even costs of our fields compared to North america..


Does this 200bn of projects include those flng projects that are in limbo?
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goldbug
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I wish I had a dollar for every touted boom that never materialized. Most of the stories seem designed to drum up investment capital or to make some politician look more popular. Meanwhile in the real world my neighbour loses his job and the trailer parts shop I have used for 20 years is bankrupt and gone. Boom Boom Boom, Ka-Boom goes the economy.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Foxy
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Zero is coming...

Guest
28 Sep 2013, 12:30 AM
I don't believe it.

Barnet just said no to flng.
Japan is signing deals with canada now .


Has any one looked at the break even costs of our fields compared to North america..


Does this 200bn of projects include those flng projects that are in limbo?
What is the shipping distance from Canada to Japan vs distance from Karatha to Japan??
Peter from
Perth
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Perthite
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foxbat101
28 Sep 2013, 10:44 AM
What is the shipping distance from Canada to Japan vs distance from Karatha to Japan??
Peter from
Perth
:)
I think they are capable of adding shipping costs to work out a final landed cost.

Fact is we have a competitor now that we did not expect.

The LNG Industry will sack 10's of thousands in WA over the next 5 years.
Edited by Perthite, 28 Sep 2013, 12:16 PM.
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goldbug
28 Sep 2013, 09:58 AM
I wish I had a dollar for every touted boom that never materialized. Most of the stories seem designed to drum up investment capital or to make some politician look more popular. Meanwhile in the real world my neighbour loses his job and the trailer parts shop I have used for 20 years is bankrupt and gone. Boom Boom Boom, Ka-Boom goes the economy.
Well if you look at google maps as the crow flys its only about 600-700km further to canada... about 10% further.

I didnt include the fact you cant just drive a boat through most of the islands in indonesia so that number will actually get smaller.

Hence the port to port distance isnt making much difference..
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