ABC: Coal Seam Gas the Growth Industry in While Explorers to Take a Hit in 2015

Coal seam gas that is liquefied for export is tipped to be the top performing Australian industry in 2015.

Research group IBISWorld predicted revenue from the CSG industry to grow 148 per cent, from $738 million to $1.83 billion.

That is despite a recent report by Wood MacKenzie that said demand for liquefied natural gas dropped in Australia's major markets of Japan and Korea, with Chinese demand also lower than anticipated.

Senior industry analyst from IBISWorld, Caroline Finch, said it was unsurprising that CSG would see the strongest growth, as that was where the bulk of investment had been spent in recent times.

"We're also talking about an industry that's adopting a new technology from overseas (fracking)," she said. MORE