future doomsday for minor gsg players?

Folks FYI

Quite an alarming story if you beleive it! BUt many of the facts are from Deutsche Bank.

Basically it says Australian LNG and CSM gas fields could be worth little in the future if the Middle East(Qatar) undercut the LNG price in the Pacific region!

http://money.ninemsn.com/article.aspx?id=866713

Exerpt..

Perhaps the most alarming reality for those believing Australian LNG is the greatest investment opportunity since Pilbara iron ore is that across the globe, natural gas is abundant. Both North America and South America are bursting with the stuff. And where you find oil, you find natural gas, meaning the Middle East is also a dominant world player. Indeed, the tiny Persian Gulf nation of Qatar has enough natural gas to potentially render Gorgon unviable.

It goes on.........

The Australian LNG projects at real risk, suggests Deutsche, are the ones "at the back of the queue". Those projects already with HOAs in place are likely not at risk from Qatari projects. These include PNG LNG, Pluto-1 and Gorgon in WA, and GLNG and the Queensland Curtis project (QCLNG) in Queensland. Those that are at risk are the WA projects Browse, Sunrise, Wheatstone and, to a lesser extent, Pluto-2, along with Queensland's Australian Pacific project (APLNG).

In between lies Fisherman's Landing LNG (which, for some reason, is not known as FLLNG), which is small in scale but likely the first CSM project to be up and running.

That's all well and good, but for the Australian retail investor swept up in the great Australian gas explosion, it's all about which listed oil and gas stocks are the safest and which are the most at risk.


Is Australia simply setting itself up for major disappointment?



Cheers
DaveJ