Latest news with #AmandineDenis-Ryan
9 News
20-05-2025
- Business
- 9 News
Japanese companies 'making big profits' by on-selling Australian gas
Your web browser is no longer supported. To improve your experience update it here BREAKING Nationals, Liberal Party fail to reach Coalition deal Japanese energy companies are earning at least $1 billion by on-selling Australian liquefied natural gas (LNG) to other nations amid domestic shortages, new research says. The Institute for Energy Economics and Financial Analysis (IEEFA) report released today comes as Western Australia and eastern states face future shortfalls. Australia was the largest source of LNG on-sold by Japan, representing 41 per cent of shipments sold to third countries last year, followed by the US. Japanese energy firms are making big profits by on-selling Australian LNG, new research shows. (Michelle Mossop/ AFR) (Nine) In eastern and Western Australia, Japanese resales volumes are larger than the projected annual gas shortfalls projected in future years. IEEFA Australia's chief executive, Amandine Denis-Ryan, says the situation should be ringing alarm bells within the federal government. "It is quite extraordinary that Australia is now facing gas shortfalls on both sides of the country, even considering importing LNG, while Japan resells enormous volumes of our gas overseas for a profit," she said. The IEEFA scrutinised contracts and shipping data to highlight how much Australian LNG was being resold through Japan. It estimated last year at least 600 petajoules (PJ) was resold via Japan, compared with the 511PJ consumed by eastern Australian states. Another finding was Japanese resales of LNG from eastern and Western Australia are larger than the projected annual gas shortfalls in those regions in the coming years. The research also found more than two-thirds of the resold LNG ends up in Taiwan and South Korea, which are high-value markets for Australian gas producers. Citing energy security concerns, Japan has opposed any moves by Australia to rein in LNG exports. energy Australia Exports Japan power CONTACT US Auto news: Australia's most dangerous regional roads revealed.
The Advertiser
19-05-2025
- Business
- The Advertiser
Japanese firms reportedly cash in on-selling Aussie gas
Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP. Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP. Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP. Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP.
Perth Now
19-05-2025
- Business
- Perth Now
Japanese firms reportedly cash in on-selling Aussie gas
Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP.
West Australian
19-05-2025
- Business
- West Australian
Japanese firms reportedly cash in on-selling Aussie gas
Japanese energy firms could be making upwards of $1 billion on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom. Australia is the top supplier to Japan's third-party trade business, a new analysis suggests, making up roughly 40 per cent of cargos with an estimated 600-800 petajoules onsold via the intermediary. The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures. In 2023, Japanese ambassador to Australia, Yamagami Shingo, warned the "neon lights of Tokyo" could go out if Australia stopped producing energy resources, including gas. IEEFA Australia chief executive Amandine Denis-Ryan said it was "quite extraordinary" for Australia to be running out of gas for domestic use - and considering importing it - while Japan resells "enormous volumes of our gas overseas for a profit". The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan. The upwards of 600PJ estimated annually surpasses the 511 PJ used by eastern Australian markets last year. Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG. Two-thirds of on-sold Australian product was going to Taiwan and South Korea. "This should be concerning for Australian producers, for whom these are premium markets with high purchasing power and low credit risk," Ms Denis-Ryan said. In her view, the findings supported the case for putting aside more gas for local use through domestic reservation. "Energy exports are currently hurting Australian consumers and the Australian economy," she told AAP.
