Though Australia has prodigious natural gas resources, the country's geology, remoteness and economy have put it in a difficult position in competing financially with other growing natural gas producers. However, timing has been on Canberra's side. The technological revolutions that led other producers such as the United States to increase natural gas production occurred after Australia had begun developing its own expensive resources, so Canberra had a few years' head start in getting large quantities of natural gas to the market. As a result, Australia's liquefied natural gas (LNG) exports will rival the size of Qatar's, allowing it to become the largest exporter to the Asian market by 2020. Yet Australia's continued growth in natural gas exports could cease after the first wave of LNG projects come online, because capital that could be spent on increasing Australia's export capacity now has other, more profitable destinations that did not exist when A
Explore the latest geopolitical developments