Natural gas trading at a decade low in the US anddiscoveries in Africa also threaten to slow the development of Australian LNGventures following the approval of eight projects to meet surging demand from China,Japan and South Korea.
Shell’s Arrow Energy venture with PetroChina may need tojoin with a competitor in the north-eastern state of Queensland rather thandevelop its own LNG production plant, said David Heard, a Bank of AmericaMerrill Lynch analyst in Sydney.
