1. It takes time for some users to convert from oil to gas. For example, LNG buses are getting more popular in China. Source: http://www.lngworldnews.com/china-lng-buses-become-popular-in-fujian/
2. The Japanese people are demanding their government look into alternatives to nuclear energy. All but one nuclear plant remain shut. Source: http://www.japantimes.co.jp/text/fl20120819x1.html
3. US and European economies are not in the best of times. Gas prices in these regions will recover when their economies recover.
4. The discovery of huge reserves of gas is hugely positive. It will swing industries and governments towards gas related solutions for their energy needs.
The future of the gas industry is secured. That is why there are five LNG projects in QLD alone, each requiring billions of dollars investment.
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