LNG

Aussie LNG threatens to swamp Asian buyers

Australian LNG projects could swamp Asia with LNG if demand does not pick up next year Australian LNG projects could swamp Asia with LNG if demand does not pick up next year.
By Andrew Walker 21 December 2015 0 18719
Construction at the Gladstone LNG plant. It shipped its first cargo this year. (Santos)

The LNG market underwent massive changes in 2015 despite a relatively small number of additional cargoes delivered. Buyers and sellers are starting to become nervous as to what will happen next year as Australian LNG projects reach capacity and more volumes hit the market.

Both trains at the Queensland Curtis LNG (QCLNG) project and one train each at the Gladstone and Australia Pacific LNG (APLNG) projects shipped their first cargoes this year. These trains have a combined capacity of 16 mtpa. QCLNG Train 2 and Gladstone...