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Oil Price Recovery and Demand for Cleaner Fuels is Rejuvenating Investments in the Australian LNG Industry
Market |
Energy and Utilities |
Report Type |
Market Research |
Country |
Australia |
Published |
10 June 2009 |
Number of Pages |
15 |
- |
|
Publisher |
GlobalData |
Oil Price Recovery and Demand for Cleaner Fuels is Rejuvenating Investments in the Australian LNG Industry
Summary
Australian oil and gas companies have proposed $160 billion investments in their domestic oil and gas industry, majority of which will be in the LNG sector. Huge demand for cleaner fuels from Asia along with renewed focus of global oil and gas companies towards development of clean fuels have prompted these investments. Australia’s carbon trading policy will offset its oil production by 2020, which in turn would affect the country’s employment levels.
Scope
- GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world.
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