RE:Australia supplies LNG to Europe for the first time
"xiaozhou published on 2022-12-01 09:48:20
The first LNG ship from Western Australia has docked at the port of Rotterdam, Europe's largest port, the German newspaper Frankfurter Allgemeine Zeitung reported on its website on 28 November. Perth-based Woodside Energy sent the vessel from Australia's North West Shelf Project on a voyage of some 11,000 nautical miles (about 20,000 kilometres) to northern Europe. The vessel was carrying approximately 75,000 tonnes of LNG. The buyer was Uniper. Australia is seeking to turn Europe into another important energy buyer. It wants to be able to supply Europe with green or blue hydrogen in the future. By supplying LNG, Australia wants on the one hand to demonstrate its close partnership with Europe and on the other hand to prove its reliable delivery capacity in times of crisis. As there is not yet a gas supply chain between Australia and Northern Europe, this delivery of LNG comes from the spot market. For many years, Australian LNG has been sold mainly to North East Asia, so the LNG ship from North West Australia to Rotterdam is highly symbolic. For the Australians, the business is likely to be lucrative despite the long journey. On the one hand, it creates an extremely long supply chain; on the other, LNG prices are currently hovering at their highest level in seven weeks following the failure of a major supply facility in the US and the cooling of the Northeast Asian region. However, the export of gas from Australia remains controversial: the price of gas on the east coast has soared, even in natural resource-rich Australia, due to the sheer volume of exports."