CPC foghorn threatens Aussie LNG exports

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Via the Global Times, Communist Party of China foghorn:

The progress and functioning of Russia’s Power of Siberia pipeline could be a bad omen for Australian liquefied natural gas (LNG) exports despite record volumes recorded in recent months.

Chinese state-owned oil major China National Petroleum Corp (CNPC) and Russia’s Gazprom agreed on certain details about how a trans-border section of the pipeline should be put into operation, a statement on the CNPC website said on Tuesday.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.