US DOE approves another substantial US based LNG competitor for...

US DOE approves another substantial US based LNG competitor for Australia (and ES gas).

Click onto the following link for an insight into the macro global LNG state of play:

http://www.macrobusiness.com.au/category/australian-lng/

Read in conjunction with the recent Japanese interest in the giant Mozambique gas fields:

http://www.reuters.com/article/2013/09/10/anadarko-mozambique-lng-idUSL3N0H60ZL20130910

As well as the effects of the widening of the Panama Canal on US/Carribean LNG sales:

http://oilprice.com/Latest-Energy-News/World-News/Wider-Panama-Canal-will-Allow-US-LNG-to-Reach-Asian-Market.html

Then it is easy to be bearish on new marginal greenfield LNG ventures in Australia. Possibly the current global state of play may be to Tassie Shoals advantage though due to its perceived cost advantages.

That said, it is damn dreadful following this stock atm. Jurgen and CO get on with it please!