Quote:
Originally Posted by Tiger
Canada is the shortest shipping distance though to Asia
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Distance doesn't matter that much in modern shipping because the payloads are so large. What matters in LNG is size, scaling, volumes, market share, and existing contracts. The Americans Australians and Qataris eat our lunch on all of those. Even if distance was important, shipping from Port Hedland Australia LNG hub to Tokyo is 300 nautical miles shorter than Kitimat to Tokyo, and even shorter to Korea and China. LNG went from nothing to Australia's number 2 export in a decade, and it's not like they were some banana republic before, they're a modern first world economy. Too bad Australians and Americans actually care about driving value for their companies and citizenry and Canadians don't.