Consumers in eastern Australia may have to compete with Asian buyers for domestically produced gas, Wood Mackenzie said on a note on Monday.
The consultancy forecast that eastern Australia may face gas shortages beginning early next decade.
“To alleviate these shortages, gas will need to be diverted from LNG export projects or imported via LNG. Both mean the introduction of Asian LNG-linked pricing in east Australia is inevitable,” said Nicholas Browne, Woodmac’s director for Asia Pacific gas and LNG.
“From now on factors such as Chinese attempts to...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!