ConocoPhillips Executive: Australia Could Be Biggest LNG Exporter
September 09 2009 - 10:58PM
Dow Jones News
The head of ConocoPhillips' (COP) Australian unit said Thursday
that Australia could become the world's biggest exporter of
liquefied natural gas, or LNG, by 2020.
ConocoPhillips Australia President Joseph Marushack also said
that a final investment decision is still expected to be made for
its Gladstone LNG joint venture with Origin Energy Ltd. (ORG.AU) by
the end of 2010, with first gas to be shipped in 2014.
"Australia is ideally positioned to become a really dominant
supplier," Marushack told an oil and gas conference.
"Today's it's the world's sixth largest supplier. In 10 years it
could rank second, maybe first."
-By Ross Kelly, Dow Jones Newswires;
61-2-8272-4692; ross.kelly@dowjones.com