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Main ForumAustralian Gas: Have we decoupled from the USA?

  • As China takes an increasing interest in our Australian Gas companies there is quite a marked divergence between many of the USA gas share indexes as compared to the Australian Gas Shares Index.

    This brings into doubt the forecasts for the Australian gas sector's demise by many of Australia's brokers. Personally I think that they were to lazy to look beyond the popular wisdom and simply parroted the USA commentary.

    The article below and the image and links help to explore why I have made the assertions above:

    The Shell and CNPC have made a joint offer for Australian Arrow Energy could represent a new trend of international collaboration in natural gas.

    Chinese state companies have turned their interest from capital to global assets[, advanced technologies and international operating skills. While international oil giants could satisfy their needs, Chinese state oil companies would be more willing to open the domestic market for them as aa exchange. Analysis

    The Shell and CNPC have made a joint offer offer for Australian Arrow Energy could represent a new trend of international collaboration in natural gas business, with which international oil and gas giants and major state- oil companies are developing their new strategies of collaboration while being confronted with the changing global natural gas landscape and emerging new challenges.

    The deal seems timely to Arrow Energy to gain capital needed to cover large LNG manufacturing costs and pin down international gas export market. For Shell, it would create a shortcut to enter coal-bed methane liquefying sector. Its partnering with CNPC is well regarded as a well-considerate and far-sighted strategy. The Chinese natural gas market is becoming one of the largest and the most dynamic ones in the world. China will be the major targeted supply market of Australian natural gas.

    As the biggest natural gas supplier in the Chinese gas market, CNPC has been actively pursuing and securing international gas supply sources in addition to its increasing investment in developing domestic gas resources. It has recently accelerated investment in exploiting unconventional gas resources, particularly coal-bed methane and shale gas. While gaining good access to overseas gas resources, CNPC is eager to learn technologies and operating skills of unconventional gas exploitation and LNG manufacturing from major international oil and gas giants like Shell.

    After three decades expansions, Chinese state companies have turned their requirements and interest from capital to global assets, advanced technologies and international operating skills. While international oil giants could satisfy the urgent needs of Chinese state oil companies, the Chinese market would be likely opened wider to them as a mutual beneficial exchange.

    As the future demand market is more concentrated on the developing and newly industrialized markets, and national oil companies are growing stronger, collaboration between international oil companies and national oil companies for mutual benefits is forming a major trend of the new stage development of global oil and gas business. Ends

    The image below shows how powerful this has been for the Australian Gas Share Index recently with the Arrow Energy play....

    gas-shares-index.gif

    http://australian-gas.com/gas-charts.html

    The ALTEX-Australia Gas Index is Australia's leading Gas share price index. The index tracks the performance of all companies listed on the Australian Stock Exchange that have a primary focus on the exploration and production of Gas.

    Note that the USA Indexes analysis don't reflect what is happening here in Australia. ino-gas.gif"

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