It’s a story of two resource-rich countries with two very different ways of harnessing the wealth they are blessed with. By 2021 Australia will eclipse the Persian Gulf state of Qatar to become the world’s biggest exporter of liquefied natural gas.

In that year, when both countries are forecast to pump and ship roughly 100 billion cubic metres of LNG each, Qatar’s government will receive $26.6 billion in royalties from the multinational companies exploiting its offshore gasfields.

According to Treasury estimates, Australia will receive just $800 million for the same volume of gas leaving its shores …

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Fairfax