Australia's LNG sector could boom if the price is right

Santos chief executive David Knox's optimism about Asian demand for Australian LNG has been reaffirmed by a new IEA report, but high construction costs and gas pricing could present challenges.

Santos chief executive David Knox’s unflagging confidence in the outlook for Australian LNG exports in the face of considerable scepticism has been given support by the latest five-year outlook for the sector issued by the International Energy Agency.

While not without some caveats, the IEA’s medium-term gas market report, issued overnight in Canada, sees China’s demand for gas rising 90 per cent between 2013 and 2019. It is generally optimistic about the industry's outlook.

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