I think the cost differential is mainly due to the infrastructure already being in place in the US as noted in an article in The Australian yeterday.On top of having a cheap source of gas, US LNG plants are 40-50 per cent cheaper to build than a new project in Australia.
An existing pipeline network takes the gas to new plants, and disused LNG import terminals provide storage and wharf infrastructure.
http://www.theaustralian.com.au/business/mining-energy/gas-glut-in-the-us-blasts-gladstone-growth-plans/story-e6frg9df-1226326219242
I think the cost differential is mainly due to the...
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