Australia to be Largest Gas Exporter?

press release
Wednesday, February 22, 2012
Richard Palmer, GL Noble Denton’s country manager for Australia.

Oil and gas professionals tip Australia to become world’s largest gas exporter by 2030.
 
 

Delegates at the 2012 Australasian Oil and Gas Conference forecast huge growth in Australia’s role in the energy markets, tipping the country to become the largest gas exporter by 2030, according to a poll conducted by GL Noble Denton.
 
Australasian Oil and Gas Conference, Perth – 23 February 2012: Oil and gas industry professionals are confident in Australia’s ability to become the world’s largest gas exporter according to a poll conducted yesterday at the Australasian Oil and Gas Conference and Exhibition (AOG) in Perth. 84% of participants said that Australia would grow to become the premium exporter of gas by 2030, while 16% thought that it would not.
 
The Industry Snapshot Poll was conducted by global independent technical advisor GL Noble Denton on the first day of AOG, which is expected to attract more than 11,000 industry professionals from across the world. 
 
Richard Palmer, GL Noble Denton’s country manager for Australia, said: “The result of this research reflects the rapid rise to prominence of Australia’s oil and gas industry and the optimism of its professional community as the country strives to become a world-leading oil and gas hub over the next 20 years.
 
“Favourable economic conditions and high levels of confidence in Australia’s energy future will fuel further capital expenditure within the industry, propelling the development of new LNG projects at an unprecedented rate.” Australia currently stands as the world’s fourth largest exporter of liquefied natural gas (LNG) after Qatar, Indonesia and Malaysia. The country is the tenth largest exporter of natural gas overall, with the market dominated by Russian export.
 
Australia’s rapid growth in gas production has led to a strong increase in demand for GL Noble Denton’s technical advisory services over recent years. Last year, the company announced a landmark deal with leading Australian coal seam gas explorer and producer QGC, to supply inspection services for the installation of the 540 kilometre underground line between natural gas fields in the Surat Basin and a natural gas liquefaction plant on Curtis Island on Queensland’s coast. The venture is expected to further boost the country’s reputation as a leading producer and exporter of natural gas.
 
GL Noble Denton is conducting three Industry Snapshot Polls this week, one for each full day of AOG. Delegates are also being asked to vote on whether Australia is doing enough to grow its own oil and gas talent and if increased regulation would damage prospects for new oil and gas projects in the Asia Pacific region. To participate in the poll, visit GL Noble Denton at stand number K32. Participants will be entered into a prize draw to win an iPad 2 at the end of the show.
 

Maritime Reporter February 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

Tanker Trends

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Yemen Lifts Force Majeure on LNG Deliveries

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.

German Shipowner Worst Global Dumper -NSP

German shipowner Ernst Komrowski topped the list of the worst global dumpers with 14 end-of-life vessels sold to the beaches, according to a press release from NGO Ship-breaking Platform (NSP).

Energy

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

LNG

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Yemen Lifts Force Majeure on LNG Deliveries

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.

Gazprom, OMV Ink Additional Deal

Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss,

Consulting

SECNAV Completes Visit to Paraguay

Secretary of the Navy (SECNAV) Ray Mabus completed a visit to Paraguay Jan. 29 during which he met with Republic of Paraguay President Horacio Cartes to discuss

AAL Launches New Operation in Japan

AAL has announced the launch of a new operation in Japan AAL said the move aims to provide services and on-ground operational support directly to customers in the country,

ClassNK Releases Improved "e-Application"

ClassNK announced the release of an improved "e-Application" system. This improvement was planned based on requests from the users. Therefore, firstly we would

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Salvage Ship Repair Ship Simulators Sonar
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: 0.3130 sec (3 req/sec)