Business Trends: Four challenges to Australia’s rising role in the global LNG market

The past 10 yr have been the decade of natural gas, but the next 10 yr will belong to LNG as countries race to build out their export capacity. The rise of LNG goes hand in hand with natural gas’ role as an increasingly critical component of the global energy market in the next few decades, as demand for energy continues to rise to meet the lighting, heating, cooling and transport needs of a growing global population. According to Shell’s 2019 LNG outlook, LNG will meet 40% of expected energy growth by 2035. With immense opportunity on a global scale, the race to build export infrastructure will see long-standing leaders replaced by up-and-comers—countries that, for two decades, saw their