Andrew Forrest, Japan Inc team up to ship LNG to NSW

According to The Australian Financial Review, east coast gas users have welcomed the prospect of a new source of supply into the tight NSW market in the shape of an Andrew Forrest-backed LNG import project although some harbour doubts that imported gas would be affordable.
The project is backed by the world's biggest LNG buyer, JERA of Japan. Gas from this project would be priced at between $8 and $10 a gigajoule, well above prices in expiring contracts of $4-$5, but still below east coast prices of early 2017.
Wood Mackenzie analyst Saul Kavonic said the price of $8-$10/GJ cited for the AIE terminal was only "feasible" assuming LNG prices below $US7 per million British thermal units and assuming the import plant is fully utilised.
"But this won't be sustainable," Mr Kavonic said. "Long-term LNG prices are forecast to rise from early 2020s in order to bring on new supply, indicating LNG imports will deliver domestic gas well above $10 [per gigajoule] for most of next decade."

Ref: http://www.afr.com/business/energy/gas/gas-buyers-keen-for-new-east-coast-supply-source-20180225-h0wmw4

If you want to read this article in Japanese, please see the following link:
https://www.j-abc.com/jp-blog/nswlng 
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