Strikes knock another leg out from under Australia s LNG throne | Hellenic Shipping News Worldwide
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Analysis-Strikes Knock Another Leg Out From Under Australia s LNG Throne
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Long before labour unrest at liquefied natural gas (LNG) plants threatened to disrupt supplies, Australia was on track to lose its crown as the world's top exporter due to green government policies, measures to protect domestic energy needs and expansion plans from Qatar and the United States. While the industrial action has rattled European gas markets, buyers of the Australian super chilled fuel say they're more worried about a series of measures introduced by the government to meet domestic energy needs, manage soaring gas prices and reduce emissions. "There is a concern that the willingness to invest in Australia and confidence in the country may decline," said a spokesperson for Japan's Kyushu Electric Power, which has long-term contracts with Chevron's strike-hit Wheatstone plant and Woodside Energy Group's North West Shelf facility off the coast of Western Australia.