• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 23 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 19 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 20 hours How Far Have We Really Gotten With Alternative Energy
  • 20 hours The United States produced more crude oil than any nation, at any time.
  • 3 hours Bankruptcy in the Industry
  • 19 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Editorial Dept

Editorial Dept

More Info

Premium Content

How The World’s Top LNG Exporter Could Lose Its Crown

LNG

Australia became the world’s leading exporter of LNG last year. Now, there are claims coming from the industry itself that Australia could lose its LNG superpower status or far worse. It’s a curious claim after shipping an astounding 82 million tonnes of LNG valued at $63 billion last year. That was a world record (the U.S. exported just over 79 million tonnes and Qatar exported just over 81 million tonnes). 

When the claim comes directly from the operator of Australia’s Darwin-based Ichthys LNG project and one of Australian LNG’s biggest investors, it’s worth paying attention. The Ichthys LNG project is operated by Japan’s INPEX, and its CEO, Takayuki Ueda has recently warned that increasing government regulation, including the possibility of gas intended for LNG projects being diverted into the domestic market, is threatening the country’s newfound LNG superpower status. Lately, the Australian government has been intervening more aggressively in local gas markets. (Last year, following the east coast energy crisis, the federal government toughened the Australian Domestic Gas Security Mechanism (ADGSM), which gives it more power to limit LNG exports.)

Although the federal government has rushed to reassure customers that it remains a willing and reliable supplier of the super-chilled gas, a deeper dive into the state of Australia’s gas sector reveals that Ueda’s concerns are not as wild or far-fetched as…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News