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AAP

Business

Marion Rae

Australia LNG in demand as war stokes gas

Australia Europe UBS Tom Allen Gas Prices Russia

Australia and Qatar are the world's top LNG producers, followed by the United States. (PR HANDOUT IMAGE PHOTO) (AAP)

Australian gas exporters stand to gain from high gas prices as Russian exports to Europe dwindle and the war in Ukraine intensifies.

A leading investment bank has increased forecast gas prices by 40 per cent for liquefied natural gas (LNG) in Australia's Asian market and by more than 50 per cent for gas in Europe, the world's biggest gas importer.

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