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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 4

Liquefied Natural Gas in Australia

G. M. Poleshchuk
В«Investment group C.A.&Co» Ltd, Moscow
Keywords: сжиженный природный газ (СПГ), рынок СПГ, экспорт, импорт, спотовый рынок, контракт, Австралия, Liquefied natural gas (LNG), LNG market, export, import, spot market, contract, Australia


The article examines the trends of development and current state of the LNG market in Australia, the relationship between the national and the world markets. Thepeculiarities of the LNG market are analyzed from the point of view of price formation and contract terms and its difference from the pipeline gas market. The LNG market is more maneuverable and diversified, is constantly changing, expanding and becomingmore sophisticated. It is shown that in conditions of the gas market monopolization, there is a need to regulate LNG supplies.