LogIn LogOut

Australia Set to be the King of LNG Exports

August 12, 2019

Graph Source: U.S. Energy Information Administration
Graph Source: U.S. Energy Information Administration

Australia is on track to surpass Qatar as the world’s largest LNG exporter, according to Australia’s Department of Industry, Innovation, and Science (DIIS).

Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019, said a release from U.S. Energy Information Administration (EIA).

Within the next year, as Australia’s newly commissioned projects ramp up and operate at full capacity, EIA expects Australia to consistently export more LNG than Qatar, it said.

Australia’s LNG export capacity increased from 2.6 billion cubic feet per day (Bcf/d) in 2011 to more than 11.4 Bcf/d in 2019. Australia’s DIIS forecasts that Australian LNG exports will grow to 10.8 Bcf/d by 2020–21 once the recently commissioned Wheatstone, Ichthys, and Prelude floating LNG (FLNG) projects ramp up to full production.

Prelude FLNG, a barge located offshore in northwestern Australia, was the last of the eight new LNG export projects that came online in Australia in 2012 through 2018 as part of a major LNG capacity buildout.

Starting in 2012, five LNG export projects were developed in northwestern Australia: onshore projects Pluto, Gorgon, Wheatstone, and Ichthys, and the offshore Prelude FLNG. The total LNG export capacity in northwestern Australia is now 8.1 Bcf/d.

In eastern Australia, three LNG export projects were completed in 2015 and 2016 on Curtis Island in Queensland—Queensland Curtis, Gladstone, and Australia Pacific—with a combined nameplate capacity of 3.4 Bcf/d. All three projects in eastern Australia use natural gas from coalbed methane as a feedstock to produce LNG.

Most of Australia’s LNG is exported under long-term contracts to three countries: Japan, China, and South Korea. An increasing share of Australia’s LNG exports in recent years has been sent to China to serve its growing natural gas demand. The remaining volumes were almost entirely exported to other countries in Asia, with occasional small volumes exported to destinations outside of Asia.

Categories: LNG Gas Natural Gas Research


Current News

Equinor Dumps Great Australian Bight Oil Drilling

Equinor Dumps Great Australian Bight Oil Drilling

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Indonesia's Oil & Gas Output Set for Drop

Indonesia's Oil & Gas Output Set for Drop

Cooper Eyeing Annie Gas Find Start-Up in 2022

Cooper Eyeing Annie Gas Find Start-Up in 2022

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Nayara Energy Director Resigns After U.S. Sanctions Imposed

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

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