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Australia needs competitive offering for LNG projects – CEOs

Oil and gas majors Chevron and Royal Dutch Shell have called for more competitive conditions to ensure that Australia remained at the forefront of the liquefied natural gas (LNG) industry.

Chevron CEO John Watson said on Tuesday that Australia’s LNG industry was facing stiff competition from a number of regions, including the Gulf and North American coasts, as well as from East African nations, where LNG has recently been discovered.