No plain sailing for Australian LNG
The country will shortly become the world's largest exporter
Since the nation's eight new liquefied natural gas export projects were sanctioned—most of which are now operational—oil prices have near halved and the dynamics of the market have changed significantly, rapidly and unpredictably. Australia's high-priced exporters face a raft of uncertainties. These have shaken the foundations of the project-financing and long-term, oil-indexed, bilateral-contract structure on which the large-scale projects were sanctioned. While views differ on the size and duration of a global LNG supply surplus, the availability of more varied supplies is spurring the entry of trading entities. At the same time, the development of trading hubs offers a more transparent an
Also in this section
16 January 2025
Oil industry has potential for revitalisation despite political uncertainty and damage to infrastructure
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
16 January 2025
While the global energy transition is essential for reaching net zero, it is equally important that less-developed countries are allowed to realise the benefits of their hydrocarbon resources
16 January 2025
The EU should turn the page on its prescriptive approach and encourage innovation and competition, with biofuels and biogas being an essential part of the conversation
