Australia is at a critical junction
Australia’s domestic gas issues threaten exports
And a lack of fresh developments means supply is set to tighten
Australia is at a critical junction. The country vies with Qatar and the US as the world’s largest LNG producer, at a time when the liquefied fuel is more vital to the balance of global energy supply than ever before. But the country has also experienced gas supply shortages at home, prompting the government in Canberra to intervene in the domestic market and threaten the LNG export sector. And the looming shortfall in domestic supply is set to worsen as fields mature without fresh volumes coming online, due at least in part to public environmental opposition. Graeme Bethune and Rick Wilkinson, chairman and new CEO respectively at Australian consultancy Energy Quest, spoke with Petroleum Eco
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
