Exploration & Production

Australia-US-Japan deal to counter China’s OBOR

The three countries will coordinate on gas and energy investment as they seek to provide a counterweight to Chinese influence in the Indo-Pacific market The three countries will coordinate on gas and energy investment as they seek to provide a counterweight to Chinese influence in the Indo-Pacific market.
By Sally Bogle 3 August 2018 0 32003
Ichthys LNG, in which Japan’s Inpex is a partner Ichthys LNG, in which Japan’s Inpex is a partner. (Inpex)

Australia is seeking to strengthen its presence in Indo-Pacific gas markets via a newly signed trilateral deal with the United States and Japan that will see the three countries coordinate and mobilise private sector investment in gas and other energy projects the region. 

Despite ostensibly being rival suppliers in the LNG market, Australia and the US are diplomatic partners internationally and are intent on promoting the use of LNG to their economic advantage. Japan is equally invested in the Australian LNG sector – with Inpex, MIMI,...