The shale gas revolution in the US and the pace of LNG export activity in Australia are driving LNG growth and competitiveness globally, forcing other LNG-producing nations to step up efforts to supply gas to China, Japan, and others.

"The prospect of the US globalising its LNG exports and the result of a global natural gas market has caught more and more attention,” Deloitte global oil & gas leader, Adi Karev, said at the World Petroleum Congress in Moscow.

“New