Australian project under pressure

[Palm]

What it WILL mean is that as these large Asian companies buy up NA shale assets (especially with liquids), and IF they get permission to produce LNG and ship it back to Asia, those Aussie projects will have a very tough time getting financed and reaching FID. Advantag(ed Gas) IOC. Always happens; the first burst of activity when a new idea/industry emerges usually is the most expensive. Those that come along after the first wave have a bit of an advantage; IOC is in that wave. Land-based, liquid rich, large reservoirs, strategically located and increasing demand for each has us in the best position compared to many.

How did we all get so smart?!!