The world’s liquefied natural gas industry sat up and paid attention in September when Chevron approved the A$43bn Gorgon natural gas project off the coast of Western Australia.

With more than an estimated 40,000bn cu ft of natural gas in its fields, Gorgon is a significant resource for fast-growing Asian economies. But Gorgon’s go-ahead will worry the developers of the more than two dozen LNG projects in Australia and neighbouring Papua New Guinea.