May 19, 2020

Australia set to become the world’s largest LNG exporter

Galia Ilan
2 min
Australia set to become the world’s largest LNG exporter

According to Australia’s Department of Industry, Innovation, and Science, the nation is set to overtake Qatar as the largest exporter of liquefied natural gas (LNG) in the world by next year.

The alternative fuel is also set to become Australia’s second-largest exported commodity, in regards to dollar value.

The nation’s current most expensive exported item is iron ore, demanding 31% of the nation’s total export value in 2017.

At the end of last year LNG ranked third, accounting for 11% of export value, following Metallurgical coal at 17%.

The Reserve Bank of Australia claims that LNG will help push the nation’s economic growth higher than 3% per annum during the coming years.

The largest buyer of the country’s fuel is Japan, followed by China, which together make up 77% of all exports.


“Japan is still the largest buyer of Australian LNG, but its dominant share has fallen considerably as Australia’s LNG exports have expanded,” stated Vivek Dhar, Ming and Energy Commodities Analyst at the Commonwealth Bank.

“China’s share of Australia’s LNG has grown significantly, claiming the lion’s share of Australia’s lift in LNG output since 2015.”

“China could still overtake Japan as Australia’s largest buyer of LNG by the end of the decade given how active Chinese buyers are in the spot market.”

“China’s demand appetite for LNG reflects the country’s ambitious plans to boost gas as a share of electricity from 5.3% in 2015 to 8.3-10% in 2020.”

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Jun 7, 2021

Business Chief Legend: Ho Ching, CEO of Temasek

3 min
Singaporean Ho Ching created the largest listed defence engineering company in Asia, before leading Singapore’s sovereign wealth fund to global success

Ask Singaporeans who Ho Ching is, and the majority will answer the ‘wife of Prime Minister Lee Hsien Loong’. And that’s certainly true. However, she’s also the CEO of Temasek Holdings, Singapore’s sovereign wealth fund, and one of the world’s largest investment companies.

Well, she is until October 1, 2021, as she recently announced she would be retiring following 16 years as CEO of the investment giant.

Since taking the reins in 2004, two years after joining Temasek as Executive Director, Ho has gradually transformed what was an investment firm wholly owned by Singapore’s Government into an active investor worldwide, splashing out on sectors like life sciences and tech, expanding its physical footprint with 11 offices worldwide (from London to Mumbai to San Francisco) and delivering growth of US$120 billion between 2010-2020.

Described by Temasek chairman Lim Boon Heng as having taken “bold steps to open new pathways in finding the character of the organisations”, Ho is credited with building Temasek’s international portfolio, with China recently surpassing Singapore for the first time.

As global a footprint as Ho may have however, she has her feet firmly planted on Singapore soil and is committed to this tiny city-state where she was not only educated (excluding a year at Stanford) but has remained throughout her long and illustrious career – first as an engineer at the Ministry of Defence in 1976, where she met her husband, and most notably as CEO of Singapore Technologies, where she spent a decade, and where she is credited with repositioning and growing the group into the largest listed defence engineering company in Asia.

It’s little wonder Ho has featured on Forbes’ annual World’s Most Powerful Women list for the past 16 years, in 2007 as the third most powerful woman in business outside the US, and in 2020 at #30 worldwide.

But it’s not all business. Ho has a strong track record in Singapore public service, serving as chairman of the Singapore Institute of Standards and Industrial Research and as deputy chairman of the Economic Development Board; and is a committed philanthropist with a focus on learning difficulties and healthcare.

As the pandemic kicked off, she not only led active investments in technology and life sciences, with German COVID-19 vaccine developer BioNTech among the most recent additions to Temasek’s portfolio, but through the Temasek Foundation – the firm’s philanthropic arm which supports vulnerable groups close to Ho’s heart, handed out hand sanitiser and face masks.

So, you would be forgiven for thinking that at age 68, Ho might simply relax. But in March 2021, just as she announced her retirement from Temasek, Ho joined the Board of Directors of Wellcome Leap, a US-based non-profit organisation that’s dedicated to accelerating innovations in global health. Not ready to put her firmly grounded feet up yet it seems.


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