Fortune afloat: booming LNG exports are prompting a push for more petroleum exploration. Source: INPEX Australia
Exploration is back on the agenda in Australia
A landmark energy report warns that Australia must go back to drilling
Booming liquefied natural gas exports are making exploration a renewed priority in Australia, despite years of musical chairs in the federal government. This period of chop and change bedevilled the debate over the oil and gas industry's long-term role in energy supply. Just as the sector was in despair following the toppling of prime minister Malcolm Turnbull on the eve of a hard-won long-term agreement over its role in energy supply, two government reports have given the upstream industry hope. In early October, the Resources and Energy Quarterly showed that LNG exports earned Australia nearly A$38bn ($27bn) in 2017-18, up 36%, and are forecast to rocket again to A$48.4bn in 2018-19. If ga
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
