The prediction of LNG infrastructure being improved at a cost of $35.8bn, made in a Visiongain report, comes at a time when LNG continues to dominate the news headlines.
According to an Australian government report, the country could double its already large gas resource base and support a growing export industry.
Australia has around 390 trillion cubic feet in gas resources, excluding shale gas, ranking third behind coal and uranium as Australia’s largest energy resource, according to the report conducted by Geoscience Australia and the Australia Bureau of Resources and Energy Economics.
“While exploration for shale gas in Australia has only recently commenced and resources are poorly understood, shale gas could potentially double Australia’s gas resources,”
Australia’s Resources Minister Martin Ferguson said in a statement.
Australia is the world’s fourth largest exporter of LNG, but is expected to surpass Qatar as the world’s top LNG exporter by the end of the decade with around $170bn worth of projects under construction.
... to continue reading you must be subscribed
