More good news today on the Australia/China divorce from the anti-Australian nutters at SCMP:
- China aims to cut more Australian LNG imports.
- Turkmenistan is already China’s largest gas supplier. That will expand.
- There will also more trade, investment and connectivity.
That’s more like it. Turkmenistan is a semi-communist dictatorship so fits right in with the CCP. It can build out its influence uninterrupted by pesky institutions like a free press.
Xi and Borat and can party all night long.
Our LNG will still get shipped, just to other nations. In the case of the east cost exports this a great shame. The export cartel actually costs us money.
Of the 29mt of tonnes of LNG shipped, probably only the 10mt of spot purchases are at risk.
All-in-all this another great favour by the CCP to the Australian people. Especially so, if it doesn’t mind targeting the east coast suppliers.
That would be awesome. Ta.