LNG boom to make Australia 'Middle East of gas': analysts

LNG boom to make Australia 'Middle East of gas': analysts
Melbourne (AFP) Aug 30, 2009 - Australia is poised to become "the Middle East of gas" as Asia's rapidly growing economies queue up to buy its vast reserves in liquid form, according to analysts. The government last week approved the massive Gorgon liquefied natural gas (LNG) project off Western Australia, which Prime Minister Kevin Rudd said would cost 50 billion dollars (41 billion US) to build and would generate 6,000 ... more

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