Having a gas: Australia dominates China's LNG supply [Reuters]
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Source: Reuters
Having a gas: Australia dominates China's LNG supply - Reuters 4 Min Read SINGAPORE (Reuters) - Australia’s fast-expanding liquefied natural gas industry has this year been supplying the lion’s share of China’s growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal. Australia supplied over 53% of China’s LNG imports during the first five months of 2019, shipping data in Refinitiv showed, up from around 40% in 2016 when a previous round of new Australian export projects started to ramp up. With Royal Dutch Shell’s Prelude facility delivering its first LNG cargo this week from northwest Australia, that share is likely to increase further. Prelude’s start-up completes a $200 billion LNG construction boom that is putting Australia on track to surpass Qatar as the world’s top exporter of the fuel. “With uncertainty of demand in more traditional LNG markets ... China has emerged as the largest source of new LNG demand growth
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