US LNG eyes eastern Australia market
Trans-Pacific shipments might compete to fill the country’s regional supply shortage
Australia could find itself in the unusual position of importing US LNG, despite having recently assumed the mantle of the world's largest LNG exporter. Prices competitive to other Asian markets and broadly similar transport rates could see US LNG supplying eastern Australia's supply-constrained pipeline gas market as early as 2020, say analysts, assuming start-up of any of five floating, storage and regasification unit (FSRU) import projects by then. The project promoters are Australia's AGL Energy and ExxonMobil in Victoria; Melbourne-based Venice Energy in South Australia; and consortium Australian Industrial Energy (AIE) and South Korea-based Epik LNG in New South Wales. The plans offer
Also in this section
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
