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
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
