News

Australia leads Qatar as biggest supplier of LNG to Japan

Japan's demand for LNG is good news for Gladstone's LNG projects.
Japan's demand for LNG is good news for Gladstone's LNG projects. David Sparkes

AUSTRALIA has jumped ahead of Qatar to become the largest single supplier of LNG to energy-starved Japan for the first time.

News Ltd reports new figures show that despite complaints from Japanese utilities about the costs and worries over project blowouts, Australia was cheaper than all but six of the 21 suppliers of gas to Japan.

The figures will be welcomed by Australia's LNG industry during a time of rising uncertainty as Japan, Korea and other large buyers strive to win approval to import shale gas from the US to cut their energy bills.

At the same time, high wages and environmental sensitivities are driving up the cost of production in Australia and placing projects in the $175 billion pipeline of LNG proposals in jeopardy.

Japan has long been by far the biggest buyer of Australian LNG, purchasing 70% of exports.

Topics:  business, gas, lng, resources




Magistrate sends man's 'serious' sex act case to district court

FILE PHOTO: Gladstone Courthouse, Yarroon St.

Sex intruder case 'serious', goes to District Court

Busy Gladstone facility to receive $3m revamp

Community and youth development officer Bec Frost is really happy about the new funding for the PCYC. Photo Mike Richards / The Observer

The expansion will boost jobs too, with a "locals first” focus.

Bail refused for man accused of having 7.6g ice in car

FILE PHOTO: A drug analysis has yet to be completed but Gladstone man David Johnson has been charged with having 7.6g of ice.

Bail refused for fencer after police find ice in his car

Latest deals and offers

Tom Hiddleston's Instagram account hacked

Actor Tom Hiddleston

Thor star the latest celebrity targetted by hackers

Charlize Theron's son dresses up as Frozen character

Actor Charlize Theron

Star's son spotted dressed a beloved Frozen character

BOOKS: Food for thought in Caroline Beecham's latest novel

Maggie's Kitchen by Caroline Beecham is published by Allen & Unwin, RRP $29.99.

New novel reminds readers that bravery exists in many forms

TELEVISION: New show is a Survivor, for now

Jonathan LaPaglia hosts the TV series Australian Survivor.

WHAT happens when a new show with a big budget flops?

Rachel Weisz understands celebrity gossip fascination

Actor Rachel Weisz

Weisz says mystery is good for an actor

Gina Rodriguez relished dramatic change for new film

Jane the Virgin lead Gina Rodriguez

TV star shaved her hair for movie role

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Gladstone landlords in trouble with Bechtel job losses

"If a big project was announced tomorrow I wouldn't want to see it"