Australian LNG output rises to annualized 79.5 million tonnes amid 10-year low in spot prices
Australian liquefied natural gas production in the third quarter of 2019 represented an annualised rate of 79.5 million tonnes, keeping the nation in the No. 1 spot of global producer, ahead of Qatar's nameplate capacity of 77 MTPA.
Australia Pacific LNG and Gladstone LNG plan gas development with Queensland permit
Two of the three Australian coal-seam-gas-to-LNG export plants on Curtis Island near the port of Gladstone in Queensland have successfully tendered for an exploration and production licence for a key block in the Bowen Basin to boost natural gas supplies.
Australian Gladstone LNG plant starts second production Train to supply Korea and Malaysia
Australian energy company Santos said its Gladstone LNG plant in the eastern Australian state of Queensland, built at a cost of US$18.5 billion, has brought on stream the second liquefaction Train that will soon take overall production to 7.8 million tonnes per annum and supply customers in countries such as South Korea and Malaysia.
ANALYSIS: Mind Australia's LNG boom
Project partners in North America rush to bring LNG to market before the Pacific Basin will be awash with Australian cargoes. However, scope for a second wave of projects is limited down under once the ongoing dozen projects are completed, the Economist Intelligence Units' lead energy analyst, Peter Kiernan, told LNG Journal.
