Australia may increase LNG supplies to China

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Energy companies in Australia are seeking to increase the supply of liquefied natural gas to China against the background of tense trade relations between the United States and China, economists say. Thus, Australian Woodside and Chinese ENN have entered into an agreement to jointly explore opportunities for cooperation in the field of LNG trade and supply, which will allow the Chinese authorities to consider the possibility of financial support for projects to expand production in Australia. It is expected that the implementation of this agreement will entail the filling of a new terminal in Zhejiang Province with an Australian LNG capacity of 3 million tons per year.

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