Importing LNG to Australia's southeast faces cost hurdles: government [Reuters]
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Source: Reuters
Importing LNG to Australia's southeast faces cost hurdles: government | Reuters 3 Min Read MELBOURNE (Reuters) - Plans to import liquefied natural gas (LNG) to Australia, the world’s second largest LNG exporter, could help cap soaring local gas prices, although the economics might not work, the Australian government said on Monday. Over the past two years, four projects to import LNG have been proposed following the opening of three new LNG export plants on the east coast that have sucked gas out of the southeastern market and nearly tripled wholesale gas prices. The Australian energy market operator recently wound back a forecast for a near-term deficit, saying it no longer expects a gas shortfall in southeastern Australia before 2030 thanks to expected new production and government pressure on LNG exporters to boost local supply. But LNG import plans are advancing and could still be justified as gas produced in Queensland state is expensive, piping it to the south where the gas is n
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