The Australian LNG Industry: Legal and Commercial Challenges
22 Pages Posted: 22 Mar 2017
Date Written: March 20, 2017
Australia will become the world’s largest LNG producer by 2018. This Chapter explores the development of the Australian LNG industry. It then analyses some of the legal and commercial issues currently being experienced by the Australian LNG industry. In particular, it will evaluate the legal framework, the sale of Australian LNG, innovations within the sector such as floating LNG, coal seam gas to LNG and carbon capture and storage, as well as issues structuring the government ‘take’ through taxes, royalties and local content provisions. The Chapter also considers the future challenges likely to be faced by the Australian industry given the increased competition in the global LNG market, the current over contracted supply in its key Asian market, and the high production costs of many Australian projects.
Keywords: LNG, natural gas, law, energy law, energy policy, regulation, coal seam gas, floating LNG, government, Australia, Asian markets, taxation, royalties, local content, gas reservation, oil, natural resources, international trade, fossil fuels, ownership, resource exploitation
JEL Classification: K00, K10, K20, K23, K32, K33, F50, Q34, Q35, Q37, Q38, Q40, Q48
Suggested Citation: Suggested Citation