Tag Archive: lng

  1. A third Queensland LNG project starts exporting

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    The first shipment by Australia Pacific LNG marks Australia’s arrival as an LNG global superpower, on track to become the world’s biggest exporter of the cleaner energy source in 2018.

    The LNG tanker carrying natural gas to Asian markets departed Curtis Island over the weekend.

    This major project, which created 15,000 jobs at its peak, is the third completed in Queensland in 12 months to meet Asia’s growing demand for clean and reliable energy.

    Over the next four years alone as LNG exports ramp up, an estimated $1.2 billion will flow in  royalty payments for spending on public services, such as schools and hospitals.

    At full capacity, Australia Pacific LNG’s two train production facility will supply nine million tonnes per annum of LNG to export markets.

    In 2014-15, Australia shipped 25 million tonnes of LNG cargoes, earning $16.9 billion in export revenue.

    By 2019-20 when all seven LNG projects developed in recent years are fully operational, there will be a projected combined export volume of just over 76 million tonnes.

    The latest national accounts figures show the stronger-than-forecast growth rate of 0.9 per cent  was driven largely by resource exports and led by an 11.4 per cent increase in oil and gas production.

  2. Gladstone LNG ships first cargo

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    Today’s first shipment of liquefied natural gas (LNG) by Santos and its joint venture partners from Gladstone’s Curtis Island highlights Australia’s emergence as a world leader in the global LNG industry despite the global crude oil and LNG price downturn.

    Gladstone LNG is now Australia’s fifth operating LNG project and the second that uses coal seam gas as feedstock.

    Another five LNG projects – representing a total investment of more than $160 billion – are progressing towards completion, including Queensland’s Australia Pacific LNG project which is expected to be commissioned by year’s end.

    In 2014-15, Australia shipped 25 million tonnes of LNG cargoes, earning $16.9 billion in export revenue. In Queensland alone, almost $1.4 billion worth of LNG has been exported this year.

    Australia’s enormous natural gas reserves and Asia’s thirst for clean and reliable energy have seen an unprecedented level of investment in Australian projects in recent years.

    Australia remains on track to become the world’s leading LNG producer by 2018.