Yet more Australian LNG
While there's no end in sight for the global gas glut, higher crude prices will help exporters
Australia's liquefied natural gas (LNG) exports will rapidly increase this year as output ramps up at existing projects and new facilities come online. EnergyQuest, a consultancy, estimates that the country's LNG exports will surge by 62% in 2017, reaching 60m tonnes. Output ramp-ups at the Australia Pacific LNG facility in Queensland and Chevron's Gorgon project, in Western Australia, coupled with new projects coming online will help to push the country's exports 23m tonnes higher than in 2016. It will worsen the global gas glut. This year's surge will come after a 38% increase in 2016, which brought 36.8m tonnes of Australian LNG to markets. In 2015, Australia exported 26.7m tonnes. The co
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
