BHP Billiton (BHP) is considering shipping some of its U.S. shale gas reserves to Asia, spurred...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) is considering shipping some of its U.S. shale gas reserves to Asia, spurred by interest from Japanese power utilities seeking shale gas, which sells for about a quarter of the price of LNG imports. It is becoming more attractive for BHP to export gas from the U.S. rather than from western Australia, where LNG ventures are struggling with escalating costs.