Australia’s LNG Exports

Australian LNG export prices are expected to decline in 2020, before gradually rising then falling again, tracking oil price-linked contract prices (at which most Australian LNG is sold). Unavoidably, the outbreak of COVID-19 (coronavirus) will have some effect on forecasts for this edition. It is assumed that this event will have an impact on Chinese and global GDP in the first half of 2020, with the effects largely playing out by June 2020, though at the time of writing, this remained a rapidly evolving issue. Source: Department of Industry, Innovation & Science (Australia)