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
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
