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Japanese Firms Dominate Australian LNG Market, Surpassing Local Needs

5/20/2025

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Summary

Story summary

Japanese companies are cashing in on Australian LNG, raking in over AU$1 billion each year. In 2024 alone, they onsold 600-800 petajoules, surpassing the gas needs of Eastern Australia. This booming trade poses a challenge for Australian producers as Japan shifts focus from domestic consumption to thriving international markets like Taiwan and South Korea.

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Story summary

Japanese companies are cashing in on Australian LNG, raking in over AU$1 billion each year. In 2024 alone, they onsold 600-800 petajoules, surpassing the gas needs of Eastern Australia. This booming trade poses a challenge for Australian producers as Japan shifts focus from domestic consumption to thriving international markets like Taiwan and South Korea.