The Australian Petroleum Production & Exploration Association (APPEA) has released a statement, in which its Chief Executive, Malcolm Roberts, emphasises Australia’s strength in the LNG market, and the steps that must be taken for continual growth.
Roberts said: “Australia has benefited hugely from rising demand for LNG in our region.
“More than AUS$200 billion has been invested in LNG projects, creating thousands of jobs, export income and new revenue for the Commonwealth and State governments. Australia will be the world’s leading exporter of LNG by 2018.
“The IEA forecasts that steady demand growth over the next 25 years will lead to another major wave of investment in gas production.
“The competition for investment will be intense. If Australia wishes to seize a share of this investment, businesses must continue to lift industry productivity while governments should focus on removing unnecessary regulatory and other costs.”
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/liquefaction/12112015/appea-chief-executive-predicts-profitable-future-for-australian-lng-1618/