Summary

The world demand for Liquefied Natural Gas ('LNG') is increasing and the Australian LNG industry is in fierce competition over new contracts. However, investors seem to gradually opt away from Australia for the start-up of new LNG projects. Australian LNG also seems to be disadvantaged by higher costs. What can Australia do in order to give its LNG industry a more competitive edge? How can Australia attract further investment? Amongst other things, the fiscal regime can perhaps be amended to correspond to the new realities of the industry. However, if the fiscal regime should indeed be ...