Insight
Australian LNG keeps flowing to China despite growing tensions
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Political tensions between China and Australia are rising. This could impact the LNG sector, which would hurt the economic prospects of both countries. It may also impact China’s efforts to decarbonise. Over the past decade, both Chinese NOCs and private companies have acquired Australian upstream positions. But the rising will likely limit the number of new positions taken. Chinese buyers may also avoid signing new long-term offtake deals from Australian projects until the relationship improves. Despite this, the LNG trade is unlikely to stop, existing LNG contracts will be unaffected and spot trades will continue to rise.
Table of contents
-
Executive summary
- Rising tensions cause concerns over LNG trade
- Upstream cooperation stalls after a track record of success
- Will China become a home to surplus uncontracted LNG volumes?
- But Australian LNG is still a good fit for China in the longer term
- Australian LNG will remain a critical part of China's gas mix
Tables and charts
This report includes the following images and tables:
- Verbal conflicts between Canberra and Beijing (Jan 2019 to May 2021)
- Chinese investment in Australian upstream
- Historical Australian LNG imports to China
- LNG contract signed in 2020/21
- Chinese LNG demand outlook
- Australian LNG export outlook
- Term/ spot Australian LNG imports in 2020/21
- Chinese investment in Australian LNG upstream
- Australian LNG contracts into China
- Australian LNG project by composition
What's included
This report contains:
Other reports you may be interested in
Insight
Global Upstream Update: our favourite slides and topics – June 2024
Key themes: putting dealflow in context, governments under pressure, unlocking value in shales
$1,350
Insight
NE Asia LNG imports surge not enough for shipping
Rapid growth in demand for LNG ships in NE Asia is being matched by equally rapid growth in the supply of LNG ships
$1,050
Insight
NE Asia LNG demand slump hits shipping hard
Demand falls at the same time as new short-haul supply and new ships enter the market
$1,050
