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Project Insights

Aussie LNG imports progress as supply tightens

A swing to Labor in Australia’s upcoming election would see strong support for renewables and low-emission tech, but the retirement of coal power will also boost gas demand, enabling FSRUs to plug the short-term gap A swing to Labor in Australia’s upcoming election would see strong support for renewables and low-emission tech, but the retirement of coal power will also boost gas demand, enabling FSRUs to plug the short-term gap.
By Sally Bogle 11 April 2019 Asia Pacific / Supply & Demand 0 34124
Wollongong Breakwater Lighthouse near Port Kembla. (Flickr/Bernard Spragg)

The key issue: Australia is due to go to the polls by 18 May at the latest, with the Labor Party tipped for victory. In the meantime, developers of LNG projects on the eastern seaboard are moving ahead with their plans, banking on the need for new gas supplies early next decade.

Interfax analysis: While Australia’s gas industry waits on the outcome of the country’s forthcoming general election, the developers of at least three of the five FSRU projects planned for the east of the...