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Analyst backs LNG imports for east coast market

The Australian Financial Review reported that analyst Mark Samter, now of MST Marquee, said “industrial buyers would be extremely naïve not to support” upcoming LNG import projects.

Mr Samter said high LNG prices in the Asian market would make it very difficult for Australian exporters to divert their gas to the local market, adding imports would save the government from choosing between breaking export contracts and creating a gas supply shortage down the road.

He also said gas prices would continue to climb and current attempts by regulators to lower prices would lead to more problems in the future.

There are currently four LNG import terminals proposed in the southeast, including an Andrew “Twiggy” Forrest-led Australian Industry Energy project.

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