Sydney Morning Herald, 06 October 2017 – LNG exports are forecast to reach $35 billion in value next financial year, despite the major east coast gas producers’ recent agreement to ensure domestic supply.
The new data from the Department of Industry, Innovation and Science also tipped at a decline in thermal coal although Australia will remain the world’s second largest exporter.
While thermal coal experienced a sharp increase in prices due to the combination of higher demand and industrial action across Glencore’s operations in the Hunter Valley and Queensland, spot prices are likely to fall to $US69 per tonne in 2019, the report said. Read more…
