Federal Resources Minister Madeleine King says Australia will remain a reliable exporter of gas to Japan, amid LNG supply concerns as Australia transitions to net zero by 2050.
Japan is one of the major customers of the $80 billion LNG export industry centred on Curtis Island in Queensland. “This relationship is not only crucial to the economic health of our nation, but to millions of people throughout Asia who rely on Australian resources to build their cities, heat their homes and help produce their food. Australia is a reliable supplier of energy to Japan and always will be.”In August, two big Japanese investors struck a $US500 million deal to buy into Woodside Energy’s $16.5 billion Scarborough LNG project in Western Australia.
“There is increasing competition in LNG markets as the United States and Qatar ramp up investment and cement their position as leading global suppliers,” Ms McCulloch said on Friday.