Global LNG Forecasts Underestimate Demand, Origin Energy Says
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Origin Energy Ltd., the Australian company building a liquefied natural gas export project with ConocoPhillips, said global forecasts probably underestimate demand, partly as China cuts its shale production goals.
“There’s quite a degree of difference of opinion as to the rate at which shale can be developed in China,” Managing Director Grant King said today at the Bloomberg Summit in Sydney. “There’s a lot at stake with respect to the development of the shale industry in China, and the geoscientists would say that it’s not without its challenges.”