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
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
