Australia to overtake Qatar on LNG field by 2020 - EnergyQuest

16th July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Australia exported an estimated 75.1-million tonnes of liquefied natural gas (LNG) in 2018/19, generating revenues of A$50.5-billion, new research from EnergyQuest has shown.

The export volumes were an increase of 21.2% on the 61.7-million exported in the 2018 financial year, with the LNG industry now sitting as Australia’s third-largest export by value, after iron-ore and coal.

The majority of the production growth in the 2019 financial year occurred from projects in Western Australia and the Northern Territory, most notably the Ichthys project developed by Inpex, and the Wheatstone project, owned by US major Chevron.

LNG exports from Queensland increased slightly from 20.5-million tonnes to 21.8-million tonnes between the 2018 and 2019 financial years.

EnergyQuest this week reported that Australia also maintained its standing as the world’s second-largest LNG exporter in the 2019 financial year, behind Qatar, which produced 77-million tonnes a year.

By 2020, Australia is expected to surpass Qatar, with production estimated to reach around 80-million tonnes, boosted by a full year of production from the Ichthys and the Prelude floating LNG projects, which came on line in June.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION