Mirabile dictu! China to target Aussie LNG next?

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Let’s hope so, via Platts:

The latest flare up between Australia and China has ensnared more commodities but the likelihood of LNG being impacted is relatively low, despite vulnerabilities stemming from an oversupplied market and China’s growing options for gas imports, experts said.

In the past week, China suspended Australian beef imports and threatened tariffs on Australian barley, which was unexpected due to ongoing meat shortages and food security issues in China after its recent lockdown.

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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.