Australia's LNG boom is an illusion. The money is going elsewhere

Discussion in 'Australia, NZ, Pacific' started by Denizen, Aug 14, 2017.

  1. Denizen

    Denizen Well-Known Member

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    After the dust has cleared and low oil and gas prices have caused much red ink in oil and gas company balance sheets, the expected financial bonanza from LNG exports has not eventuated and will not eventuate. Furthermore, energy companies now consider Australia an energy investment dead zone due to high costs and budget blowouts and pressure on the government to harvest more tax revenue from energy companies.

    Everyone's a loser in Australia's LNG boom.

    https://www.bloomberg.com/gadfly/articles/2017-03-26/everyone-s-a-loser-in-australia-s-lng-boom

     
    Last edited: Aug 14, 2017

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