LNG

Australia, the largest LNG exporter to North Asia ahead of Qatar and the US, is now taking measures to underpin its own energy security by accelerating seven priority natural gas infrastructure projects and plans to give them government start-up funds to help protect Australia from potential global energy shortages and keep downward pressure on prices.

Australian liquefied natural gas revenues have surged because of rising oil prices and strong Chinese demand as gas output for the nation is now edging closer to that of Norway, though domestic political uncertainty is also increasing.