Australia's LNG export outlook – with Xunpeng Shi
Guest: Xunpeng Shi, Principal Research Fellow, Australia-China Relations Institute (ACRI), University of Technology Sydney
Host: James Laurenceson, Deputy Director, Australia-China Relations Institute (ACRI), University of Technology Sydney
LNG will soon replace coking coal as Australia’s second largest export commodity, and Australia is expected to become the world’s largest exporter of LNG by 2018.
Xunpeng Shi joins James Laurenceson to discuss Australia’s LNG export industry and the impact of changes taking place in the East Asian gas market, the destination of the majority of Australia’s LNG exports.
Iron ore and coking coal have a relatively flat export outlook, while LNG has fast-growing export potential. Australian Prime Minister Malcolm Turnbull recently said that the government was considering restricting Australian exports of LNG to ensure sufficient domestic supply. Government intervention may result in economic loss in the long term, and market forces should therefore prevail.
Theme music by Sam J Mitchell.