Original article by Scott Parker
The Australian Financial Review – Page: 31 : 22-Oct-14
The Commonwealth Bank’s Lachlan Shaw is upbeat about the outlook for Australia’s LNG industry, forecasting strong growth in exports over the next five years. However, he warns that high capital costs in Australia may jeopardise future LNG projects, while the price of LNG being linked to the crude oil price presents another headwind for the industry. The oil price recently reached a low of $US82.60 per barrel
CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORIGIN ENERGY LIMITED – ASX ORG, EXXONMOBIL CORPORATION, FACTS GLOBAL ENERGY GROUP OF COMPANIES, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES