Potentially, but given I think we're undervalued based off the selling down after the discovery, it's unlikely it will be by much.
Couple of points (nicked from an Aus article):
Commonwealth Bank commodity analyst Vivek Dhar predicted up to 10 per cent of $50bn worth of LNG exports could be lost to US competitors.Beach Energy, Santos and Oil Search fell. Agriculture giant Graincorp fell 1.7 per cent on Thursday
China has agreed to buy an extra $US32bn in agricultural goods over the next two years including beef, soybeans and seafood.
It will spend another $US52.4bn on energy including LNG, crude oil and coal and another $37.9bn on services including tourism.
The final $US77.7bn is in manufactured goods, an area where Australia does not sell much to China.
I don't think this deal mitigates China's huge (yuuuuge) demand for energy resources.
