Australian LNG Output Cuts Seen Long Term Amid Gas Shortage
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A shortage of coal-seam gas, needed to feed about $60 billion of export projects in eastern Australia, may prompt the developers to reduce shipments in the long term, according to Credit Suisse Group AG.
The liquefied natural gas developments in Queensland state face a potential shortfall of 4,500 to 9,000 petajoules over two decades, or as much as 30 percent of the supplies needed, Sydney-based analysts Mark Samter and Martin Kronborg said today in a phone interview.