gmt is probably correct in the short term that due to the advent of LNG trains in Queensland to export LNG the east coast gas supplies will become exposed to world gas prices which are currently higher than those in the Australian domestic gas market.
However in the medium term it is also likely that there could be a worldwide gas glut as every man and his dog around the world tries to whack in an LNG train to flog stranded gas assets into the world market.
Although the capex for LNG trains is quite high and does present somewhat of a barrier to entry, considering the current state of the financial markets vis a vis Greece, Spain, Italy, Protugal, et al.
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