ANZ Bank has released a report showing that LNG prices will increase sharply and have a detrimental impact on industrial users. The price hike is expected to be 100% more than now over the coming 3-5 years. Domestic non-industrial users will also be paying more than now but not nearly as much. ANZ says LNG will replace iron ore as Australia’s major export in line with the expected upsurge in demand from Asia.
Source: Manufacturers Monthly