Chevron's (CVX) investment in Australian shale gas may seem curious given the country's abundant...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron's (CVX) investment in Australian shale gas may seem curious given the country's abundant coal and conventional gas take care of domestic needs, but it's a smart bet on overseas demand, writes Robb Stewart. Gas prices in Asia - based on long-term contracts indexed to oil prices - are as much as 4x higher than North American prices.