LNG

Santos, the operator of the Gladstone LNG plant in Queensland and now the majority owner of the Darwin plant in the Northern Territory, said it welcomed the Australian Government’s announcement that it planned to unlock new natural gas supply sources and to improve the connectivity of the gas and power markets.

Australia, the world’s largest exporter of liquefied natural gas to nations such as China and Japan, says it is faced with unique challenges in delivering natural gas to Australians as the domestic network is long in kilometre terms while it is delivering to a domestic gas market comparable in volume to that of Switzerland.