Executive Briefings

Australia Could Become World's Largest Exporter of Liquefied Natural Gas

Global liquefied natural gas (LNG) trade is booming, and Australia will play a growing role in the Asian market despite increasing competition and cost pressures, according to the 2014 Gas Market Report that was recently released by the Bureau of Resources and Energy Economics (BREE).

The Gas Market Report provides analysis of the Australian gas industry, projections of future growth in LNG exports, and a closer analysis of issues, including the cost competitiveness of Australia’s LNG industry and the economic impacts of the coal seam gas industry in Queensland.

“This report comes at a time of very high interest in the gas market, particularly on the east coast with the imminent linking of the domestic market to the international LNG market,” said Wayne Calder, deputy executive director of BREE.

Australia is well on its way to become the world’s largest LNG exporter, with seven new LNG projects currently under construction. This scale of development has put pressure on labour and capital costs, which were often already high as a result of the scope and remoteness of a number of projects.

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The Gas Market Report provides analysis of the Australian gas industry, projections of future growth in LNG exports, and a closer analysis of issues, including the cost competitiveness of Australia’s LNG industry and the economic impacts of the coal seam gas industry in Queensland.

“This report comes at a time of very high interest in the gas market, particularly on the east coast with the imminent linking of the domestic market to the international LNG market,” said Wayne Calder, deputy executive director of BREE.

Australia is well on its way to become the world’s largest LNG exporter, with seven new LNG projects currently under construction. This scale of development has put pressure on labour and capital costs, which were often already high as a result of the scope and remoteness of a number of projects.

Read Full Article