The BIG Loser in the Russia-China Gas Deal? Australia (SMH)
According to the Sydney Morning Herald (“Russia’s mega gas deal with China bad news for Australia“), the huge Russia-China gas deal is a blow to the possibility of Queensland’s major gas export projects to further expand with specialist gas industry consultant Graham Bethune of energy advisory firm EnergyQuest being quoted as saying:
“We can’t afford to underestimate the significance of last week’s development for the Pacific gas market with Russia entering that arena in a major way China. The negative impact for Australia’s [liquified natural gas] competitiveness and future market share from this new market dynamic is serious.”
And:
“This deal has the very real potential therefore to be a game-changer in Australia’s key LNG market. To have any chance of seizing and participating in the next wave of LNG developments, Australia can no longer rely therefore on ‘being first in the queue’.”
Similar Posts:
- Will the Russia-China Gas Deal Give Japan Energy Security? (Reuters)
- The Coming Eurasian Century: Russia and China are De-Dollarizing. Is “Pipelineistan” Coming?
- Russia, Kazakhstan and China are Buying Gold (The Diplomat)
- Japan’s Phased Reduction of Coal Power Means Closer Links to Russia (The Asset)
- Russia, Ukraine and China (Franklin Templeton)
- Russia Now Demands Rubles For Grain As World’s Largest Wheat Exporter (Zero Hedge)
- Despite Centuries of Dire Predictions, Why Russia Isn’t Going Away (NI)
- Russia and China to Build a Rail Bridge Across the Amur River (PR)
- Sanctions on Russia: Disruptions in Emerging Markets (Global Risk Institute)
- Bulgaria Goes Nuclear on Russia with a $5B Deal with Westinghouse (MT)
- The Renminbi’s Creeping Internationalisation (BNP Paribas)
- Russia Pivoted East to Asia 800 Years Before Obama (MT)
- Russia Ukraine War’s Global Impact (MetLife Investment Management)
- Emerging Markets in the East Converging With Developed Markets in the West (Create Research)
- India ETF Flows Touch $1.5 Billion, Highest Among its BRIC Peers (Economic Times)
Leave a Reply