Australia, which is profiting from surging gas prices in Asia, remains the largest liquefied natural gas supplier to North Asia.
“Chinese buyers have been very active this year in securing long-term LNG contracts, primarily with the US and Qatar, but not with Australia.
In October it was the largest supplier to China, Japan, Korea, and Taiwan, with an aggregate market share of 36%, followed at some distance by Qatar with a 14% share, the US with 11%, Malaysia with 10% and Russia with 9%.
A year ago, Santos signed a deal with Mitsubishi to supply 1.5 Mtpa for 10 years from Barossa and more recently it has sold down 12.5% of Barossa to JERA,” said the consultancy.
“Scarborough is still only 60% contracted, 44% when Woodside’s interest increases to 100%, so it has plenty of scope for further contracts.