Under political pressure to reduce their procurement costs, Japanese utilities could look for discounts from Australia’s hard-pressed liquefaction plants, exposing the country’s multi-billion dollar export project to significant risk, the investment bank Jefferies said on Wednesday.
“LNG in Asia is quite expensive and assumes premium pricing linked to oil. However, United States and East African exports, Russian pipelines, and deregulation of the Japanese power sector could weigh on spot prices – and, similar to Europe just a couple of years ago, oil linkage in Asia could...
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