23/02/2012 - 14:31

Australia tipped to be worlds largest gas exporter

23/02/2012 - 14:31

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Australia is set to become the world’s largest exporter of natural gas by 2030, according to delegates at the Australian Oil and Gas Conference and Exhibition in Perth.

A poll conducted yesterday showed 84 per cent of participants expected Australia to become the world’s premium exporter of gas by 2030.

The survey was conducted by independent technical advisor GL Noble Denton.

Gl Noble Denton Australia manager Richard Palmer said the result reflected Australia’s rapid rise to prominence in the oil and gas industry.

“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,” Mr Palmer said.

Australia is currently the world’s fourth largest exporter of liquefied natural gas, trailing Qatar, Indonesia and Malaysia.

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