gas prices, page-3

Extract from a report in the Herald Sun.
link is http://www.heraldsun.com.au/business/future-is-hale-and-hearty-for-shale-gas/story-e6frfh4f-1226010353086

Shale gas exploration is being heavily encouraged in China and other countries eager to increase their energy self-sufficiency.
There is nothing to stop similar developments in Australia once domestic gas prices are high enough.

And that may happen sooner than we expect, given that world parity pricing will become a fact of life once the big LNG plants being planned at Gladstone and elsewhere become a reality.
Gas supply -- like any other natural resource -- will gravitate to the highest price, so Australian domestic gas prices will gradually become the world price minus the cost of shipping and liquefaction.