LNG curbs put dent in confidence: Inpex chief

Written on the 23 October 2017

The Federal Government should be careful about curbing LNG exports because of the potential long-term damage to overseas markets, the head of Inpex in Australia has warned.

Seiya Ito said "loudly announced" restrictions on exports to deal with a gas shortage on the east coast could dent the confidence of Australia's image with Japanese buyers as a stable LNG supplier.

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Australia's gas exporters are enjoying a brighter start to 2018 than for the last two years after stronger than expected growth in LNG demand last year averted a feared glut in supply and as oil prices reached levels not seen since December 2014. A robust 11.6 per cent expansion in LNG consumption in 2017, spurred by soaring Chinese impo...

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