Australia is expected to become the world’s largest supplier of liquefied natural gas by the end of the decade, but significant cost overruns and delays in building new LNG projects are threatening its future competitiveness as companies move forward with major projects in the U.S. and Canada. The solution for Australia may be floating LNG plants, because they can be built overseas, where the costs of labor and materials are generally lower, Australian Industry Minister Ian Macfarlane said. “If any new LNG project comes to pass [from scratch], it’d be FLNG,” Mr. Macfarlane said […]