Last week gas exporters agreed to guarantee supply for Australia’s eastern gas market to prevent a looming shortfall next year. Figures published in Resources and Energy Quarterly on Friday show the surge in gas production will predominantly come from Australia’s western and northern gas markets, when three large LNG projects under construction (Wheatstone, Icthys, and Prelude) come online. Turnbull renews pressure on NSW premier to approve Narrabri gas project Read moreBut there could be strong growth in exports from the eastern gas market, depending on the deal struck with Malcolm Turnbull last week. Qatar exports 74m tonnes of LNG a year, a figure forecast to remain broadly stable over the next two years, according to the report. Australia’s LNG export volumes are forecast to match 74m tonnes by 2018-19, up from 52.2m tonnes this year, with capacity growing to 88m tonnes when Wheatstone, Icthys and Prelude are completed.

Source: The Guardian October 05, 2017 16:52 UTC