bloody aussies
Australia standing up to China, wins trade war, China will diversify gas from Malaysia
Australia standing up to China, wins trade war, China will diversify gas from Malaysia
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May 15 2021, 02:21 PM
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Junior Member
847 posts Joined: Nov 2010 |
bloody aussies
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May 15 2021, 02:23 PM
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Senior Member
1,072 posts Joined: Jun 2018 |
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May 15 2021, 02:24 PM
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Senior Member
1,072 posts Joined: Jun 2018 |
QUOTE(prophetjul @ May 15 2021, 01:34 PM) Dpending on the expiry of the contracts, most LNG contracts are very long term. By the expiry of the contracts, the projects would have been paid back in full. They dont have supply issue to customer. They have issue with keeping up with demand.Aus can then sell at lower prices to anyone they want. |
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May 15 2021, 02:27 PM
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Senior Member
1,072 posts Joined: Jun 2018 |
QUOTE(catherintherye @ May 15 2021, 10:29 AM) Malaysia stand to benefit, we already supplied large quantity of LNG to China. I think recently I read article, China also trying to get LNG from the -STANS nation and relationship with Saudis and Iranians. Wrong.They already trying to diversify many products from Australia and the funny things, some of those product they got it from the 5 eyes, like Barley, stop taking from Australia, take from US, dairy, stop taking from Australia, take it from New Zealand. Except things like Coal, LNG still dependent and paying higher price. But I think eventually it will shift as well. The reason is simple, it's geopolitic. Australia is the staunches US ally in APAC more so then Japan. China cannot hit US directly and China can surely whack Australia and since it can, it will do so. You are so wrong Large quantity with fixed contract purchaser are Japan/SK via MLNG Bintulu. China still long way to go to be buyer unless they willing to ramp up purchase. |
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