Australia is on its way to becoming to natural gas what the Middle East is to oil. This could become Australia’s biggest resource boom yet.
Asia is the fastest growing market for liquid natural gas (LNG). Currently, Japan is the largest buyer. Japan and South Korea together make up 53% of current global regasification capacity. (That is, the ability to import LNG and turn it back into a gas for consumer and industrial use.) But demand elsewhere in Asia is catching up:
Liquid Natural Gas: The Next Resource Boom?
Australia is on its way to becoming to natural gas what the Middle East is to oil. This could become Australia’s biggest resource boom yet.
Asia is the fastest growing market for liquid natural gas (LNG). Currently, Japan is the largest buyer. Japan and South Korea together make up 53% of current global regasification capacity. (That is, the ability to import LNG and turn it back into a gas for consumer and industrial use.) But demand elsewhere in Asia is catching up:
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