Analysts: Australia's LNG export push would benefit renewables

04/9/2013 | Bloomberg Businessweek

A push by companies to expand exports of Australia's liquefied natural gas could lift domestic prices, clearing the way for increased investments in wind power and other low-carbon sources of power, analysts said. "With high, LNG-driven domestic gas prices, renewable energy is the cheapest source of new electricity generation," said Kobad Bhavnagri, an analyst at Bloomberg New Energy Finance.

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