Australia planning to import LNG: What’s next? Coals to Newcastle?
The US is the rising star in the LNG export world, and they still have a terminal in the North East which receives shipments. Their pipeline capacity is simply not sufficient to bring the gas needed during hard winters, so they need the terminal. That’s not crazy. Well, a bit as a pipeline would make a ton of sense there as well. But tell the green virtue signalers. But pipelines have a price and sometimes you just might come to the conclusion that LNG is the cheaper option. Or the only feasible option.
Australia is on the verge of becoming the biggest exporter of liquefied natural gas, with dozens of tankers a week carrying fuel to North Asia. It could also soon be importing LNG as supply sources in its southern states run out.
