• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 17 hours End of EV Subsidies?
  • 6 mins Could Tesla Buy GM?
  • 17 mins Global Economy-Bad Days Are coming
  • 7 hours Permian Suicide
  • 3 hours Price Decline in Chinese Solar Panels
  • 13 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 17 hours Maersk's COO statment.
  • 13 hours Asian stocks down
  • 2 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 20 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 19 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 11 hours IT IS FINISHED. OPEC Victorious

Breaking News:

Tesla Opens 11 New Stores In U.S.

Alt Text

The Biggest Threat To Australia’s LNG Sector

Australia, one of the world’s…

Alt Text

Russia Outmaneuvers U.S. LNG

Washington has attempted for years…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Trending Discussions

Australia Set to Become World’s Biggest LNG Exporter by 2018

Australia predicts it will be the biggest exporter of liquefied natural gas (LNG) in the world within five years, the country's federal resources minister said during a speech at a conference in Texas Wednesday.

Gary Gray said with seven of the world’s twelve projects under construction in Australia, he expects the country's production will approach 90 million tonnes a year by 2018.

The International Energy Agency predicts a 50% rise in gas demand by 2035, he said, making LNG the fastest growing energy source with demand potential similar to coal in the same period.

Related article: Rosneft and ExxonMobil Consider $15 Billion Pacific LNG Plant

Global gas trade is shifting to the Asia-Pacific region with more than two-thirds of LNG production serving the area with imports increasing on average by 7% a year — from 185 million tonnes in 2012 to 272 million tonnes by 2018.

Gray said China will account for a fifth of the increase and will become one of the world's largest LNG importers. Emerging economies overall will account for 80% of increased global demand over the next 20 years.

By. Kerry Hall




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
-->