Newspaper article The Morning Bulletin (Rockhampton, Australia)

LNG Drives Industry Growth; Australia Poised to Overtake Norway

Newspaper article The Morning Bulletin (Rockhampton, Australia)

LNG Drives Industry Growth; Australia Poised to Overtake Norway

Article excerpt

AUSTRALIA is poised to overtake Norway to become the third-largest gas producer among OECD nations by 2035, driven mainly by the booming liquefied natural gas (LNG) sector.

The International Energy Agency's annual World Energy Outlook report forecasts Australian gas- production ranking third among Organisation for Economic Co-operation and Development (OECD) countries towards the end of the projection period, which is 2035.

Australia's gas output by that year will only be surpassed by the US and Canada, according to the report released overnight in London.

Australia's gas output was expected to eclipse Malaysia's by 2020 and Indonesia's by 2025.

The two nations are currently the biggest gas producers in the Asia Pacific region and major LNG exporters.

Australian gas production was set to more than triple over the projection period, said Graeme Bethune, chief executive of Adelaide-based energy advisory and research firm Energy Quest.

It would be driven mainly by LNG export projects fed by coal seam gas in Queensland, he said. …

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