An interesting excerpt from a newsletter from the "Daily Reckoning" by Callum Newman … am unable to provide link however … (Thanks to Callum and "Daily Reckoning")
…. Particularly interesting, coincidently, in light of my post just above... Guess where PetroChina has gas in Australia (as well as Surat Basin and possibly elsewhere of course) … The motivation to move on the Bowen Basin assets may have just gotten a little greater …
"That’s not all. LNG spot prices hit a four-year high this week, too. Queensland’s LNG exports in August were at their strongest in seven months.
Australia’s opportunity around LNG is unlikely to slow down anytime soon.
China’s projected demand could double between 2017 and 2020, and they’re prepared to secure it.
Case in point: Qatar’s state-owned gas company has signed a 22-year supply deal to PetroChina.
The Chinese are also now likely to use Australia, Qatar and Papua New Guinea as suppliers over the United States."
shorts, page-19
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