Australia’s LNG Export to Jump 60% in FY 2018-19

Laxman Pai
Monday, December 24, 2018

Australia’s liquefied natural gas (LNG) export earnings have been revised upwards for 2018-19 and are forecast to total $50.4 billion, an increase of nearly 60 per cent compared to 2017-18, overtaking metallurgical coal as Australia’s second largest resources and energy export.

APPEA Chief Executive Dr Malcolm Roberts said the Resources and Energy Quarterly December 2018 data reinforced how critical LNG exports are to sustaining Australia’s economic growth.

“Australia’s LNG projects will deliver decades of economic growth, jobs and exports. These national benefits aside, LNG exports have regional and global environmental benefits,” Dr Roberts said.

“When used to replace coal, LNG cuts emissions.  LNG also helps developing countries to reduce air pollution, a major cause of millions of premature deaths,” he added.

According to recent government estimates, Australian LNG exports are reducing emissions by at least 130 million tonnes in our customer nations – equivalent to almost a quarter of Australia’s emissions. Australian LNG is doing its bit in addressing the global problem of climate change.

However, the benefits of a growing LNG industry cannot be taken for granted. Looking forward to 2019 and beyond, Australia faces intense competition from established and emerging low-cost producers in the global market, particularly the United States, which is expected to triple its LNG capacity by 2020 to total 70 million tonnes.

Categories: Energy LNG Asia Trade Cargo Transportation

Related Stories

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

ABL Secures Rig Moving Assignment with India's ONGC

Shell’s Brazil-Bound FPSO Starts Taking Shape

MDL Secures Cable Laying Job in Asia Pacific

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

CNOOC Finds Oil and Gas in South China Sea

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Current News

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Propane’s Economic Edge for Ports During Trade Uncertainty

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com