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Low Information Voter | 7 months ago (raw) | root | parent | reply | flag +1 
 True, but their hit to margins won't be anything like the mark-up you guys are paying for LNG.

China, Japan and Korea are buying our gas at hefty price increases compared to previous years, so Russia alone isn't able to meet China's increase in demand..,
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Laeserin | 7 months ago (raw) | root | parent | reply | flag +1 
 China is declining, tho, and India is going heavy on coal and nuclear.
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Low Information Voter | 7 months ago (raw) | root | parent | reply | flag 
 China is going through some political stupid at the moment, but its so opaque and centralised its impossible to know which way it will move afterwards.

India have their own coal and nuclear fuels, they'd be mad not to use them. They do import our gas, though.

In my grandfather's day, Australia was the world's lowest-cost aluminium producer, and a major steelmaker. All gone. Politics is upstream from economics...
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Laeserin | 7 months ago (raw) | root | parent | reply | flag 
 China's population is aging and shrinking. India has another couple of decades, before it hits that and it won't hit as hard.