LNG are tied to long term contracts.
Let's see whether China will dare to break those contracts with the Aussies first.
Australia standing up to China, wins trade war, China will diversify gas from Malaysia
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 May 15 2021, 11:21 AM
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May 15 2021, 12:04 PM
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QUOTE(catherintherye @ May 15 2021, 11:58 AM) CCP already gave instruction not to renew certain contracts that expired.....I think the other contracts will slowly expire and run it's course. If would be foolish for Australia to sell energy to China, why feed the dragon? 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. Aus can then sell at lower prices to anyone they want. |
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