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veeone

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15/04/24

13:00

Post #: 73348916
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Originally posted by Apolloz: ↑

From ABC:
https://www.abc.net.au/news/2024-04-13/australias-first-gas-terminal-nears-completion/103701306
WHY have ships importing GAS from THOUSANDS of Kms.... when U can IMPORT gas from lets say ---- 26km away????

"Global LNG market dynamics are such that imported LNG is becoming a much more competitive alternative to domestic gas," Mr Wheals said.

However, Mr Wood said the uncertainty around gas demand may be making energy companies hesitant to sign up to buy the imported gas.
"The problem with a terminal is ships turn up, they are very expensive ships, and having them sitting at a port like Port Kembla discharging gas slowly is very expensive," Mr Wood said.
"What you would have to do is line up the arrival of ships with the demand for that gas on the east coast of Australia, and that means you might even have to back off taking gas from existing resources.

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and that means you might even have to back off taking gas from existing resources.
Just blows the mind doesnt it.
I remember listening to a fellow maybe ten years ago when domestic gas prices were rising that he could import Australian gas from overseas cheaper than buying it locally. Shipped from Gladstone LNG overseas at contract low price offloaded and reloaded on a ship back to Oz.............How dumb is the government we have at any time!!

BPH Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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