| Abstract: | Australia's liquefied natural gas industry has been growing rapidly in recent years.As China's natural gas production drops and its demand for clean energy sources,such as natural gas,grows,LNG,as a complement to piped natural gas,will be an important part of China's strategy of ensuring its natural gas consumption.Aware of this market opportunity,China's three big national oil companies,CNPC,CNOOC and Sinopec have all im'ested in Australia's LNG sector.Chinese oil companies arc facing multiple challenges in their Australian LNG projects,including strict environmental laws and high labor cost.These companies should strengthen communication with local government to create a good investment environment for LNG projects. |
