Australia LNG news

A new record forecast for LNG exports shows the importance of bringing on new gas supply to Australia’s economy.

Australia’s east coast LNG exporters will ensure supply amid a forecast risk of energy system pressures next year as part of a package of measures – delivering secure, competitively-priced gas to domestic customers.

Woodside Energy and Bechtel have started construction on the project site.

The project is being built near Karratha, Western Australia, as part of Woodside Energy’s AUS$16 billion Scarborough investment.

Viva Energy has entered into commercial agreements with GeelongPort for the construction and provision of necessary infrastructure for the proposed gas terminal in the Port of Geelong, Australia.

Australia Pacific LNG has appointed Khoa Dao as Chief Executive Officer to take the helm of the business as it continues to play a key role as a reliable supplier of LNG.

An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.

New figures revealing the record contribution of Australia’s oil and gas exports highlight the importance of LNG projects and export market certainty.

The report includes recommendations for the project’s environmental conditions for its ongoing operations.

Revenue from the sector is set to provide a direct benefit to the Queensland community from the state’s LNG export projects.