LNG boom to make Australia 'Middle East of gas'

MELBOURNE

The joint venture by Chevron, Shell and ExxonMobil is already underpinned by supply contracts with China and India worth more than 60 billion US dollars, and more customers are likely to sign up before it begins operating in 2014.

Gorgon is just one of a clutch of LNG projects planned in the next decade that analysts say will pump tens of billions of dollars into the economy and see Australia challenge Qatar as the world’s major gas exporter.

Agence France-Presse