LNG RESTRICTIONS SEEN LIKELY TO WORSEN AUSTRALIA'S MARKET IMBALANCE

摘要

Moratoria and bans on both unconventional and conventional gas by Australian states and territory governments are exacerbating the fundamental imbalance of Australia's east coast market, according to industry sources, analysts, and policy advisers. Australia needs to act quickly to ensure it is both adequately supplied with gas and able to meet its LNG export commitments, the International Energy Agency said in its 2018 review of Australia Thursday. "Increasing LNG exports have created a tight supply in Australia's eastern market, which is characterized by weak regulation, poor transparency, and low liquidity," the IEA noted. "Market inefficiencies need to be addressed swiftly and transparency improved rapidly for domestic consumption and LNG exports to successfully coexist."