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Simon Ferrie
2 August 2023
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Canberra stokes Tokyo’s LNG concerns

Talks between the trading partners reveal growing tension over the potential impact on LNG flows of domestic Australian policies

Japan was the world’s largest LNG importer in 2022 and Australia the largest exporter, with the former also being the latter’s most important single market. Australia exported 80.9m t of LNG last year, of which 31.2m t, or 39%, went to Japan—accounting for 42% of Japan’s 73.6m t net imports and demonstrating the high degree of interdependence between the two Asia Pacific giants. But Canberra’s response to domestic supply concerns, combined with aggressive emission reduction efforts, has cast some doubt on Australia’s future reliability as an LNG exporter, seemingly accelerating efforts by Tokyo and Japanese utilities to ensure other potential sources of supply.   Australia’s populous east co

Also in this section
Europe’s gas security strategy may not be 2024 ready
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Opinion
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Letter from Pakistan: More oil and gas needed, not less
Opinion
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
LNG freight must navigate chokepoints and bottlenecks
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges

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