×
×
Project Insights

Aussie LNG projects could receive US cargoes

Eastern Australia saw the announcement of a fifth FSRU project this week, and the region could receive competitively priced US LNG as early as 2020 Eastern Australia saw the announcement of a fifth FSRU project this week, and the region could receive competitively priced US LNG as early as 2020.
By Sally Bogle 7 December 2018 Asia Pacific / LNG 0 33592
Newcastle harbour in Australia. (Mertie/Flickr)

It looks increasingly plausible that destination-free, competitively priced LNG from the United States could arrive in Australia’s eastern gas market as early as 2020 – an ironic twist for a nation that has just surpassed Qatar as the world’s largest LNG exporter. 

This week a fifth FSRU-based LNG import project was announced for eastern Australia, based at the New South Wales port of Newcastle – the world’s busiest coal export point, some 160 km north of Sydney.

Conceived by EPIK LNG – a South Korean-based venture set...