Rising gas prices in Eastern Austn - An opportunity for gas resale?

摘要

With LNG exports from Queensland commencing in 2014, the Eastern Australia domestic gas market is undergoing a transformation driven by the market forces resulting from the flow-through of LNG export prices prevalent in the Asian region to the domestic market. As reported in the media, long-term gas supply agreements (GSAs) - which have traditionally been negotiated by gas producers and domestic buyers to satisfy the domestic demand - have become virtually non-existent, given much of the gas produced from new and existing upstream developments will feed multiple planned LNG trains on Curtis Island at Gladstone in Queensland.