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
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
