Australia’s LNG sector is long-term bullish, but needs a carbon price

Australia was the world’s biggest LNG exporter until being overtaken by the United States last year. — Reuters

AUSTRALIA’s natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of companies and countries.

This optimism was on full display at the industry’s annual gathering in the capital city of Western Australia state, which is also home to the bulk of the country’s liquefied natural gas (LNG) production.