Australia's LNG Exporters Struggle to Meet Rising Asian Demand

Australia's liquefied natural gas (LNG) exporters are struggling to meet rising demand from Asia due to a lack of capacity, according to Chevron Australia Corp.

Chevron Australia's Managing Director Balaji Krishnamurthy stated that demand for Australian LNG, particularly from Japanese buyers, is outstripping operational supply limits.

'The first question from buyers always is, can you do more? And right now, we are facility constrained,' Krishnamurthy said in an interview at the Committee for Economic Development of Australia's Climate and Energy Summit in Melbourne.

Australia ships almost 80 million tons of LNG per year to countries such as Japan, China, and South Korea. However, a lack of investment due to uncertain fiscal and tax settings is deterring new developments in the country.