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Australia will supply 50% of new world LNG exports
Australia, van der Hoeven said, is expected to account for half of the new LNG exports expected on the international market by 2019, with the United States and Canada combining to represent 8 percent of the market.
LNG is less constricted by the geopolitical issues that may influence pipeline deliveries. Van der Hoeven sand LNG provides benefits in terms of energy security, but without investments, coal could dominate the energy mix of growing economies in Asia. "Unless we see timely investment in new production and LNG facilities and the reversal of the recent cost inflation of LNG, only a very strong climate policy commitment could redirect Asia's coal investment wave to gas," she said.
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But
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