ICIS has launched a new coverage of the emerging gas market in Australia, which will be published every week in the ICIS LNG Markets Daily report.
With LNG exports set to take off from the Queensland port of Gladstone in 2015, as three new production plants are expected to come online, Australia remains poised to become one of the world’s largest LNG exporters. This new supply of LNG will not only have a significant impact on Asia Pacific markets, but also on Australian natural gas customers, as the sector becomes more competitive.
Market dynamics
Additionally, as the Australian LNG export market gains momentum, domestic players, whose supply contracts are expiring, will be facing different market dynamics.
In order to increase market transparency in the face of challenging Australian gas market conditions, the ICIS LNG Markets Daily report will give insight into why and how prices are moving, as well as the trades that are taking place. The coverage will include domestic gas, LNG and power sectors, providing coverage of local pricing dynamics and how it relates to the international pricing environment for LNG.
Comments
Commenting on the new addition, Roman Kazmin, Editor of LNG Markets Daily, said: “Australia is set to emerge as the key exporter of LNG in Asia-Pacific region in 2015. LNG from Australia will become an important factor in meeting growing LNG demand in Asia. At the same time, the domestic market in eastern Australia is poised for new challenges as it prepares to compete with global demand for gas.”
Adapted from press release by Katie Woodward