Australian investment to drive global LNG expenditure to $32 bn per annum by 2014

Business energy analyst company Douglas-Westwood predicts Australasia will be the main driver in global LNG expenditure over the next five years – contributing to a 10 year high of $32 billion per annum by 2014. This is just one of many key expenditure forecasts revealed in the company’s, “World LNG Market Report 2010-2014,” which was launched today. The report suggests that much of the sector’s growth will be driven by an abundance of promising liquefaction projects in Australia, which are scheduled to come onstream from 2015.

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