Australian LNG Exports May Surge 22%

Wednesday, March 01, 2006
Australian liquefied natural gas export sales may surge by 22 percent next fiscal year, thanks to the start-up of new plants to meet rising demand for the fuel in Asia, Bloomberg reported. The value of LNG exports is forecast to rise to $4.5 billion in the year ending June 30, 2007, after a forecast 56 percent jump this year. The ConocoPhillips-led Bayu-Undan LNG venture started shipping LNG to Japan from its Darwin plant this quarter, while the Woodside Petroleum Ltd.-operated North West Shelf venture is due to start LNG shipments to China in April from its expanded plant in Western Australia. Woodside, Royal Dutch Shell Plc and BHP Billiton are also among companies seeking to export LNG from Australia to buyers in North America. The value of Australia's LNG exports is expected to jump 127 percent in the six years ending June 30, 2011, to $5.4 billion, the bureau estimates. Australian export sales of crude oil and condensates may rise 8.4 percent next fiscal year to $6.9 billion, after an estimated 33 percent increase this year, the bureau said. Sales will be boosted by the start-up of Woodside's Enfield oil project off Western Australia later this year, of Anzon Australia Ltd.'s Basker-Manta project last November and of Roc Oil Co.'s Cliff Head venture this quarter. Output may also rise at Santos Ltd.'s Mutineer-Exeter project, (Source: Bloomberg)
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Becker Marine Delivers Rudder for Largest Containership

Becker Marine Systems delivers rudder for the largest container ship in the world   At 19,000 TEU, the largest container ship in the world is now picking up speed

DSME Returns for More Dual-Fuel Engines

MAN Diesel & Turbo received an order for four MAN B&W 5G70ME-GI engines in connection with Daewoo Shipbuilding & Marine Engineering Co.,Ltd. (DSME) agreeing a deal

USCG Addresses Future of Marine Fuels

The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise   The Pacific Merchant Shipping Association hosted The Future of Marine

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1040 sec (10 req/sec)