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Japanese firms to bring LNG to Australia's east coast amid gas shortage
A consortium including Japan's JERA and Marubeni is planning to import liquefied natural gas (LNG) to Australia's east coast, aiming to supply industrial gas users and possibly a new power plant. This is the second proposed LNG import terminal for Australia, the world's number 2 LNG exporter, looking to fill a supply gap at a time when the country's gas producers have locked in long-term contracts to supply LNG to Japan, China and South Korea. A final investment decision is expected this year on the project to import up to around 2 million tonnes a year of LNG starting in 2020 into a market where energy prices are ... (full story)
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