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US ready for LNG sales war


Source: The Australian, 27 February 2014

THE former associate deputy secretary of the US Department of Energy, Randa Fahmy Hudome, has warned Australian gas producers that the US is emerging as a competitive threat in the gas export market, and that Australia risks losing out significant future revenue streams if it fails to develop its resources to their potential.

Ms Fahmy Hudome, speaking at the Australian Domestic Gas conference yesterday, said the US viewed Asia as its biggest market and it was increasing LNG export approvals to fill future demand from that region.