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2014-08-29 17:50:00

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER

Country Analysis Brief Overview

  • Australia, rich in hydrocarbons and uranium, was the world's second-largest coal exporter in 2012 and the third-largest liquefied natural gas (LNG) exporter in 2013.
  • Australia's dependence on oil imports has increased to fill the growing gap between domestic consumption and production.
  • Australia's overall oil production has declined since 2000, although additions through condensate production and smaller crude oil developments are expected to offset declines in mature fields over the next few years.
  • Australian natural gas production has increased sharply over the past decade as a result of new projects.
  • Australia has become a leading LNG exporter in the Asia-Pacific region in the past decade. Greater expected natural gas production and new LNG capacity in the next few years is likely to boost natural gas exports even more.
  • Australia is the world's second-largest exporter on a weight-basis, and coal ranks as the second-largest export commodity for Australia in terms of revenues. It holds the fourth-largest reserves.
  • Although about 87% of Australia's electric generation in 2013 was from fossil fuels, chiefly coal, there is a push for cleaner and more renewable power.

 

 

 

 

 

 

 

 

eia.gov

Tags: AUSTRALIA, LNG

Chronicle:

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

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