Australia's gas exports face difficulties

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Australia is aiming to be the second large liquefied natural gas exporter. The country invests substantially into development of the sector; it invested more than $140 billion since 2007. However, it is doubtful that Australia is able to fulfill all its ambitious plans as it cannot develop seven project simultaneously, claimed Andrew Blakely, oil and gas analyst at Perpetual in Sydney. In the beginning of this year Australian oil and gas company, Woodside Petroleum Ltd already reported six-month delay and $898.4 million expense increase in Pluto LNG project.
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