BHP signals growing US role in gas exports to Asia
BHP Billiton says gas exports from North America could account for 11 per cent of Asian demand by 2030, but this will still be less than half the amount exported to the region by Australia.
It made the prediction at the start of a week-long update on its oil and gas division in Houston, where it is expected to reveal more about the future of its US shale business on Wednesday.
With significant gas interests in both continents, BHP is well placed to comment on the running debate over whether the modern gas boom in North America will hurt Australia by crowding out its prime export markets in Japan, Korea and the rest of North Asia.
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