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Australia to be an energy ’superpower’

Posted on 16 December 2013

Australia is to become a global gas superpower by the middle of the decade and eliminate its current account deficit for the first time in almost 40 years, according to Morgan Stanley. ”Liquefied natural gas (LNG) exports from Australia could be the next big thing,” said the bank in a new report.
It predicted a ”huge ramp-up” in LNG output that could transform the country’s economy, claiming that Australia could overtake Qatar to become the world’s biggest exporter of LNG as soon as 2017, rather than 2030 as widely assumed………………………………………..Full Article: Source


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