Australia ships LNG 25,000 kilometres to eastern Canada amid Asian slump

The shipment comes as Australia increasingly looks outside its key markets in ChinaAuthor of the article:You can save this article by registering for free here. Or sign-in if you have an account.Australia is shipping LNG much further than its main buyers in Asia as demand for the super-chilled fuel in the region falters.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.East Canada is set to receive its first Australian shipment of the fuel on the Maran Gas Hector on Thursday, according to ship-tracking data compiled by Kpler that goes back to 2008. The journey is unusually long, with the tanker travelling around 25,750 kilometres to reach its final destination.The shipment comes as Australia increasingly looks outside its key markets in China, Japan and elsewhere in Asia to find buyers of uncontracted LNG. A cargo from the exporter arrived in Turkey over the weekend, the first since at least 2017, according to data compiled by Bloomberg, while another went to Chile this year.Demand in Asia remains weak, with LNG shipments to China — the biggest importer of the gas — dropping 11 per cent in 2025. Some of the nation’s buyers are reselling cargoes, adding to subdued spot demand from Japan, South Korea and Taiwan.Europe, which competes with Asia for supply, has been more attractive, as LNG imports hit a 10-month high in January during an unusually cold winter.With assistance from Stephen StapczynskiBloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.