RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-01-13 15:40:00

AUSTRALIA'S LNG: THE LARGEST

AUSTRALIA'S LNG: THE LARGEST

MINING - Australia has officially become the world's largest exporter of liquefied natural gas (LNG) on an annualized basis, overtaking the previous titleholder Qatar.

According to figures released by Australian-based energy consultancy EnergyQuest, the country shipped 77.5Mt of locally produced LNG in 2019 – an 11.4% increase over the previous calendar year.

"On an annualized basis, we have previously achieved the global title in some individual months, but 2019 is the first time Australia has topped global LNG export performance on a sustained annual basis," EnergyQuest chief executive Dr. Graeme Bethune stated.

While final production figures for Qatar – now the second-largest exporter – are yet to be released, Australia's operational capacity of 88Mt now substantially exceeds the 77Mt of its Middle Eastern rival, according to EnergyQuest's analysis. Qatar's LNG production forecast was 75Mt in 2019.

Australian LNG exports were also more than twice those of the United States, the world's other fast-growing LNG producer. The US Energy Information Administration expects the nation to have exported 34.3 million tonnes last year.

Western Australia continued to dominate the country's LNG output at 57% of the national total, with Queensland garnering 29% of those exports. The largest contributing project was the North West Shelf project operated by Woodside, followed by the Gorgon and Wheatstone projects operated by Chevron.

The largest percentage growth was the Ichthys project operated by Japan's INPEX in the Northern Territory, producing 7.5Mt in 2019 – up 900% in a year from its commissioning volumes in 2018.

EnergyQuest analysts estimated that Australian LNG export revenue reached A$49.0 billion in 2019, up from A$43.3 billion in 2018 and A$9.4 billion a decade ago in 2010 at the start of the Australian LNG development boom.

----- 

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.


Earlier:

AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:21:00
RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
AUSTRALIA'S LNG: THE LARGEST
2020, January, 8, 14:30:00
U.S. LNG NEED INVESTMENT
Aramco has vowed to pump almost $160 billion into growth in the natural gas sector over the next decade, with a sizable portion of that money to be designated for LNG projects overseas.
AUSTRALIA'S LNG: THE LARGEST
2019, December, 20, 10:25:00
LNG IMPORTS FOR EUROPE UP
Europe’s imports of liquefied natural gas (LNG) have been steadily increasing since October 2018, and reached a new monthly record of 12.7 billion cubic feet per day (Bcf/d) in November 2019
AUSTRALIA'S LNG: THE LARGEST
2019, December, 13, 10:00:00
AUSTRALIA'S ECONOMY GROWTH 2.2%
Following growth of about 1.8 percent in 2019, the economy is expected to expand by 2.2 percent in 2020.
All Publications »
Tags: AUSTRALIA, LNG
Chronicle:
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:22:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:21:00
RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:20:00
JAPAN'S OIL STOCKS UP 28%
The crude stocks held by Saudi Arabia and Abu Dhabi were 1.41 million kiloliters, or 8.87 million barrels, at the end of November, equating to four days of Japanese oil consumption, up from 1.1 million kiloliters a month earlier, according to data released Wednesday by the Ministry of Economy, Trade and Industry.
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:15:00
NETHERLAND'S GRONINGEN GAS DOWN
A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022.
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:10:00
LEVIATHAN'S GAS BEGINING
In its first development phase, Leviathan has a production capacity of 1.2 Bcf/d (34 million cu m/d).
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:05:00
NOVATEK PRODUCTION +7.5%
In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 41.0 million boe, or by 7.5% as compared with the twelve months 2018.
AUSTRALIA'S LNG: THE LARGEST
2020, January, 17, 11:00:00
U.S. RENEWABLES UP
Solar and wind power use has grown at a rapid rate over the past decade or so, but as of 2018 those sources accounted for less than 4% of all the energy used in the U.S.
All Publications »