India, Bangladesh major emerging LNG markets for Australia: report
A new Australian government report published on February 23 has identified India and Bangladesh as major emerging LNG markets for Australia.
The government is backing the LNG trade and investment potential between Australia, India and Bangladesh through a new South Asian LNG partnership, according to Global Resources Strategy Commodity Report: LNG.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Minister for resources and water Keith Pitt said the Australian government is committed to delivering the strongest and most business-friendly investment environment for the country’s resources sector.
“Our proximity to Asia and high-quality resources have seen us become the supplier of choice in global supply chains,” Pitt said. “We will seek to consolidate and strengthen this position in the decades to come.”
Australia will invest A$11.3mn ($8.14mn) over 10 years in the South Asian LNG partnership, which will build relationships across the LNG supply chain between participating countries, the minister said. The country exported a record 80.9mn metric tons of LNG in 2021, up 3.7% year/year.