Source Pravda.Ru

$25bln In Long Term

Australia's recent $25 billion gas sale to China.

The gas deal between China and the North West Shelf partners was greeted as a bonanza for Australia's resources industry and a coup for the state and federal governments working against foreign bidders.

China won the deal with the price 30% lower than the similar contracts with Japanese customers.

This deal can influence relations with Taiwan, Japan and Korea in negative way.

It’s not clear yet whether China's shipping rights on the natural gas leaving the North West Shelf "provide China with an added advantage in the spot market for LNG and what likely downward pressure that advantage will put on LNG prices".

Some people believe that the development of further North West Shelf gas reserves and the China contract are crucial for decisions involving billions of dollars for a fifth LNG train on the Burrup Peninsula and the location of the liquefying gas plant, either near Darwin or on a floating platform.

©

&to=http://www.nwsg.com.au' target=_blank>North West Shelf

Comments
Putin warns of consequences should Georgia and Ukraine become NATO members
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Russia to prove its innocence in MH17 disaster
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin warns of consequences should Georgia and Ukraine become NATO members
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Trump versus the Traitors on Capitol Hill
Russia to prove its innocence in MH17 disaster
Russia to prove its innocence in MH17 disaster
Russia to prove its innocence in MH17 disaster
Putin warns of consequences should Georgia and Ukraine become NATO members
Russian warship helps Ukrainian fishermen in distress
The World Cup has changed the world in one month
Austria shows its 'ugly face' to Islam?