Woodside vs. Santos – any upside for SMSFs?

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

Although the stubborn altitude of the Australian dollar has begun to temper some of the more optimistic forecasts, there is little doubt that Australia is in the throes of a liquefied natural gas (LNG) boom.

A 2012 report commissioned by the Australian Petroleum Production and Exploration Association (APPEA) predicted Australia would be the largest LNG exporter within eight years. That’s not bad for an industry that shipped its first product in 1989.

By 2016, said the report, investments in LNG will add 2.2 percentage points to Australia's gross domestic product growth.

Also from this edition