Australia has ambitious plans for liquefied natural gas exports to Asia, where demand for the superchilled fuel is expected to soar by more than 500% by 2050, as the region moves from coal to the least polluting fossil fuel. “A strong LNG demand outlook in our region will allow Australia to capitalize on the growth of global spot markets and meet unexpected demand,” said the country’s resources and water minister, Keith Pitt, as quoted by Bloomberg this week.
Australia is one of the top three LNG exporters globally, along with…Australia Eyes Key Role In Booming Asian LNG Market
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