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U.S. Shale Exports Begin, Australia Starts World's Costliest Gas Project

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The timing couldn't be worse for the first production of natural gas from Australia's $54 billion Gorgon project - the world's most expensive.


Prices for liquefied natural gas (LNG) have collapsed, global demand is faltering and the first of what is likely to be a wave of competing shipments has just set sail from the unlikeliest of exporters, the United States.


http://www.oilandgaspeople.com/news/7479/us-shale-exports-begin-australia-starts-worlds-costliest-gas-project/


Wonder if the excess natural gas will force down gas prices householders pay for it in AU as has the glut of oil.

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