LNG experts confident that Asia will take on Australian supply
In 2007, the Chinese oil and gas corporation PetroChina agreed to buy 3 million tonnes of liquefied natural gas (LNG) a year for up to 20 years from Australia's Woodside Petroleum. At the time, the deal was described as potentially Australia's biggest export contract.
PetroChina has claimed that Woodside took too long to finalise the deal and that the urgency to ensure volumes in China meant the deal was no longer feasible.
But according to Howard Rogers, senior research fellow with the Oxford
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks
