Export ambitions of Australia’s rapidly growing gas sector have taken another hit in a matter of days, with reports from the US that Shell has won approval to export gas to Japan, which does not have a Free Trade Agreement with the US.
The Washington-datelined report, in the Nihon Keizai newspaper, says Shell intends to export as much as 800,000 tonnes annually of liquified natural gas to Tokyo Electric Power Co.
This comes a matter of days after both the Canadian government and the US Department of Energy gave approvals for export gas projects in British Columbia and Texas, respectively.
North Asia is the largest importer of gas, globally, and it has become increasingly aggressive in seeking to force gas prices lower.
Read the rest of the story: Shell in US-Japan gas export deal: report.