Australian Government to accelerate seven natural gas projects to help ‘keep lights on and homes heated’
Australia, the largest LNG exporter to North Asia ahead of Qatar and the US, is now taking measures to underpin its own energy security by accelerating seven priority natural gas infrastructure projects and plans to give them government start-up funds to help protect Australia from potential global energy shortages and keep downward pressure on prices.
LNG leader Australia plans natural gas security to 2040 and will open new gas Basins and build pipelines
Australia, the world’s largest LNG exporter, plans to secure natural gas resources out to 2040 and beyond under a new energy plan to open up four new onshore Basins for the domestic market and to boost investment in new pipelines and infrastructure.
Australia may soon challenge Norway in natural gas output as LNG prices and volumes grow
Australian liquefied natural gas revenues have surged because of rising oil prices and strong Chinese demand as gas output for the nation is now edging closer to that of Norway, though domestic political uncertainty is also increasing.
