LNG’s substantial and enduring benefits

Recent articles


Tweets

18 October 17, 11:12am National Energy Guarantee: new approach could cut emissions w/out crudely picking winners or risking #energysecurity https://t.co/I1Wdr4Crcn
array(24) { ["created_at"]=> string(30) "Wed Oct 18 01:12:25 +0000 2017" ["id"]=> int(920457505930584065) ["id_str"]=> string(18) "920457505930584065" ["text"]=> string(271) "National Energy Guarantee: new approach could cut emissions w/out crudely picking winners or risking #energysecurity https://t.co/I1Wdr4Crcn" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(14) "energysecurity" ["indices"]=> array(2) { [0]=> int(101) [1]=> int(116) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/I1Wdr4Crcn" ["expanded_url"]=> string(58) "https://www.appea.com.au/media_release/neg-a-step-forward/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(3) ["favorite_count"]=> int(1) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
13 October 17, 6:35am Chevron halts Bight exploration. In tough times, investment to develop Australian energy can’t be taken for granted https://t.co/pBIFVuhiOg
array(24) { ["created_at"]=> string(30) "Thu Oct 12 20:35:51 +0000 2017" ["id"]=> int(918575965197934592) ["id_str"]=> string(18) "918575965197934592" ["text"]=> string(195) "Chevron halts Bight exploration. In tough times, investment to develop Australian energy can’t be taken for granted https://t.co/pBIFVuhiOg" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/pBIFVuhiOg" ["expanded_url"]=> string(113) "https://www.appea.com.au/media_release/chevrons-bight-decision-shows-energy-investment-cant-be-taken-for-granted/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(116) [1]=> int(139) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(2) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
12 October 17, 7:56am QLD releases more land for gas exploration. NSW & VIC should follow QLD’s lead by developing their own gas resources https://t.co/SjZ9NB7BWR
array(24) { ["created_at"]=> string(30) "Wed Oct 11 21:56:47 +0000 2017" ["id"]=> int(918233945237471232) ["id_str"]=> string(18) "918233945237471232" ["text"]=> string(200) "QLD releases more land for gas exploration. NSW & VIC should follow QLD’s lead by developing their own gas resources https://t.co/SjZ9NB7BWR" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/SjZ9NB7BWR" ["expanded_url"]=> string(70) "https://www.appea.com.au/media_release/queensland-stepping-on-the-gas/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(121) [1]=> int(144) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(0) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
11 October 17, 4:02pm One Nation tax grab would harm energy security & push up energy prices. Oil & gas companies already losing money. https://t.co/iCN6swKe6L
array(24) { ["created_at"]=> string(30) "Wed Oct 11 06:02:42 +0000 2017" ["id"]=> int(917993842653229056) ["id_str"]=> string(18) "917993842653229056" ["text"]=> string(199) "One Nation tax grab would harm energy security & push up energy prices. Oil & gas companies already losing money. https://t.co/iCN6swKe6L" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/iCN6swKe6L" ["expanded_url"]=> string(73) "https://www.appea.com.au/media_release/one-nations-tax-grab-is-dangerous/" ["display_url"]=> string(30) "appea.com.au/media_release/…" ["indices"]=> array(2) { [0]=> int(122) [1]=> int(145) } } } } ["source"]=> string(66) "Twitter Web Client" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

Liquefied natural gas (LNG) projects are driving an unprecedented level of investment in Australia, while also delivering reliable, cleaner energy and energy security to our Asian trading partners.

Australia is in the midst of a $200 billion LNG construction phase that is leading to a long operational phase that will deliver decades of substantial economic benefits, including opportunities for services and supply companies. In 2014, the LNG services market was worth $29 billion.

The industry is innovative and invests heavily in research – not only to make its operations more efficient, but also to better understand and protect the environment in which it operates.

The LNG industry also has a history of providing infrastructure for the nation and for local communities.

Enduring benefits for Australia

These projects are underpinned by decades-long supply contracts and have long lifespans. The companies now building LNG plants talk about 30-year time frames (or 25 in the case of Prelude Floating LNG), but these are cautious estimates.

Australia’s foundation LNG plant – the North West Shelf Venture – shipped its first export cargoes in 1989, about 27 years ago. It has since grown from one production train to five. The NWSV partners are undertaking exploration work intended to find more gas and extend the project’s operating life by another 20 years. The North West Shelf is likely to have an operating life of at least 45 years.

Some of the LNG projects now being built could have similar lifespans and all of them can be expected to operate for at least 30 years. They will provide decades of tax and royalty revenue for Australia and income for numerous suppliers, spreading the benefits across the Australian economy.

The rapid growth of Australia’s LNG industry

  • 1989:    Australia had one operating LNG project producing 2.5 million tonnes of LNG per year.
  • 2015:    Australia exported 30.4 million tonnes of LNG with a value of $16.53 billion.  2015 December quarter production was 48% higher than Q4 2014 production.
  • 2018:    Australia will overtake Qatar to become the world’s largest LNG exporter.
  • 2020:    10 Australian projects will collectively produce more than 85 million tonnes a year of LNG.

 

Operating LNG projects                      (year of first production) LNG under construction                (2017-18 start-up)
North West Shelf Venture (1989) Prelude Floating LNG
Darwin LNG (2006) Wheatstone
Pluto (2012) Ichthys
Queensland Curtis LNG (2014)
Gladstone LNG (2015)
Australia Pacific LNG (2015)
Gorgon (2016)

To learn more about the industry, see this report.