Who buys Australian LNG?

Historically, more than 99% of Australian LNG has been exported to Asia, mainly China, Japan and South Korea. Most of these LNG exports are locked into inflexible long-term contracts. About 36% of exports, however, are sold under flexible spot and short-term contracts.

Who does Australia sell LNG to?

Australian LNG export revenues rise

China overtook Japan as the number one buyer of Australian LNG, importing 31.6 million tonnes of LNG from Australia, compared to 27.3 million tonnes bought by Japan.

Where do Australian LNG exports go?

During this year, Australia exported approximately 39 billion cubic meters of liquefied natural gas to Japan.

Does Australia sell LNG to Europe?

This means the record profits for 2021 reported by Australia's largest oil and gas companies when oil ended the year at US$80 per barrel will be dwarfed if the price stays above US$100. Australia can't supply more to Europe without breaking contracts—or rather the project proponents can't.

Does China buy LNG from Australia?

Australia shipped a record 30.7 million tonnes to China in the 12 months to June 30. The US agreements prompted Chinese Communist Party mouthpiece the Global Times to frame the sales as a loss to Australia, which is China's biggest supplier of LNG.

Who will claim the title of world's biggest LNG exporter LNG exporter in 2022

Who buys Australian gas?

Australia's gas capabilities

Historically, more than 99% of Australian LNG has been exported to Asia, mainly China, Japan and South Korea. Most of these LNG exports are locked into inflexible long-term contracts. About 36% of exports, however, are sold under flexible spot and short-term contracts.

Does Australia sell gas to China?

Australia's liquefied natural gas (LNG) exports to China commenced in May 2006, with the opening of China's first LNG receiving terminal at Dapeng in Guangdong Province under a 25-year supply agreement. Australia s first shipment of LNG to China was from the North West Shelf project operated by Woodside.

Who is the largest LNG exporter?

Qatar Reclaims Crown From U.S. as World's Top LNG Exporter.

What does Russia sell to Australia?

Australia mainly imports fertilisers, crude oil and salts of inorganic acids and metals from Russia. Australia's imports of crude petroleum from Russia have been declining since 2014. The pandemic has hurt services trade over the past couple of years.

What does Australia buy from Ukraine?

Economic diplomacy

Australia's trade relationship with Ukraine is modest. Merchandise exports from Australia were valued at $29.8 million in 2017–18 and consisted mainly of coal. In the same period, Australia imported $47.3 million worth of products from Ukraine, mainly vegetable oils and fats.

What is Ukraine's biggest export?

Exports The top exports of Ukraine are Seed Oils ($5.32B), Corn ($4.89B), Wheat ($4.61B), Iron Ore ($4.27B), and Semi-Finished Iron ($3.03B), exporting mostly to China ($7.26B), Poland ($3.26B), Russia ($2.97B), Turkey ($2.5B), and Egypt ($2.39B).

Which country is the largest LNG importer?

Japan has the largest LNG import capacity in the world. As of 2021, Japan's LNG import terminals boasted a combined capacity of 227.1 million metric tons per year. This was more than double the capacity of import terminals in South Korea, which ranked second.

Where does Japan get its LNG?

Australia, Malaysia, Qatar, Russia and Indonesia are Japan's major LNG sourcing countries. Since the United States began its LNG export in February 2016, 9.6% of its accumulated volume has been shipped to Japan.

How much LNG does Australia have?

Western Australia's capacity is 49.9 Mtpa across its 5 LNG projects, which represents 57% of Australia's total LNG capacity. Queensland has 25.3 Mtpa across 3 projects while the Northern Territory's 2 projects have a capacity of 12.6 Mtpa.

Where does China get its LNG from?

The largest six suppliers—Australia, United States, Qatar, Malaysia, Indonesia, and Russia—provided 8.9 Bcf/d, or 85%, of China's total LNG imports. Since China lowered tariffs on LNG imports from the United States from 25% to 10% in 2019, U.S. LNG exports to China have increased and in 2021 averaged 1.2 Bcf/d.

Where is the largest LNG market located?

China's net-zero target could dent Russia's export ambition

For as long as most can remember, Japan has been the world's largest LNG market. The country's utilities and trading houses underpinned decades of LNG supply growth, signing long-term contracts that formed the bedrock of the industry.

Does Australia import natural gas?

Australia Natural Gas: Imports was reported at 6,730.000 Cub m mn in Dec 2020 See the table below for more data.

Does Russia export anything to Australia?

In the long-term, the Russia Exports to Australia is projected to trend around 43.89 USD Million in 2023, according to our econometric models. Russia accounts for Exports to Australia using cumulative values for each year (CMLV).

What is Germany's biggest export?

The main German export product: motor vehicles

Accounting for 15.3% motor vehicles and parts thereof of exports, was Germany's main export product in 2021. Machinery (14.2%) and chemical products (10.0%) ranked second and third, respectively, among the most important export items.

Is Australia supporting Ukraine?

Australia and the UK have announced joint plans to provide humanitarian assistance to people in Ukraine impacted by President Putin's illegal war.