Australia becomes world’s largest LNG exporter as monthly total of output surpasses Qatar
Australia has overtaken Qatar as the world’s largest exporter of liquefied natural gas for the first time in November, according to data, though will not be the largest on an annual basis until the end of 2019.
Australia ships over 80 cargoes in June with 28 received by China amid sustained demand
Australian LNG exports in June amounted to a total of 5.47 million tonnes and an estimated 81 cargoes as annual shipments grew, taking the nation closer to becoming the largest global exporter with sustained Chinese demand remaining the regional highlight.
Australian LNG export values driven higher by oil to an annual US$31.3 billion by 2019-2020
The value of Australia’s LNG exports is forecast to increase by around 36 percent over a two-year period to A$42.4 billion (US$31.3Bln) in 2019-20, driven by bigger volumes and higher prices as the crude oil pushes up the value of long-term contract shipments.
LNG exporter Australia praised for impressive energy policies by IEA and for reform moves
Australia is heading towards becoming the world’s largest liquefied natural gas exporter and its policies have been described as “impressive” by the International Energy Agency as it ensures energy security while moving ahead with reforms for the domestic market.
Australia moves towards position of largest LNG exporter with annual volumes worth US$32Bln
The Australian government said liquefied natural gas export volumes, which grew by nearly 50 percent in 2015-2016, are forecast to double in the next three years as new production capacity comes fully on stream and will be valued at A$42 billion (US$32Bln) by 2022.
BP is still on side for Browse LNG venture after cancelling Great Australian Bight project
The decision by BP to abandon its planned exploration and drilling programme in the Great Australian Bight offshore South Australia has left the state government and the region disappointed, though the UK company said it was still ready to invest in the Browse Floating LNG project offshore Western Australia.
