Letter from China: Australia’s LNG dominance under threat
Beijing may be planning to break its reliance on its Antipodean supplier
LNG stands out as one of the few commodities left relatively unscathed by the deterioration of China-Australia relations over the past few years. But Beijing is taking steps that could erode Australian dominance of Chinese gas imports in the long term. The tension between Beijing and Canberra has already cost Australia its dominant market share in China for goods including barley, beef, wine and coal—all commodities for which China has easily been able to find alternative sources. Australian LNG has been harder to substitute, given the binding, multibillion-dollar long-term contracts signed between state-owned Chinese buyers and Australian export projects, and also the fuel’s importance to e
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy