LNG exports from Australia to reach $35 billion
With Australia predicted to be the leading LNG exporter by 2022, growth in the industry has been strong this year.
Domestic supply and international exports have both been increasing, and the Department of Industry, Innovation, and Science is forecasting for LNG exports from Australia to reach $35 billion by the end of 2018.
That, coupled with the prediction that Australia will become the world’s largest gas supplier in the coming years, brings an increased focus on the growing domestic opportunities in this industry.
One of the focuses of Energy Mines and Money Australia, taking place at the Brisbane Convention & Exhibition Centre on 20-21 June 2018, will be LNG gas opportunities.
Central Petroleum Limited (“Central”) (ASX:CTP) is an oil and gas explorer and conventional producer with a focus on supplying the domestic gas market. Central is the largest onshore gas producer in the Northern Territory.
Richard Cottee, Chief Executive Officer, Central Petroleum believes that the Australian gas industry is in a state of flux and change and will be presenting on future gas supplies at the event. He cites recent ACCC analysis of the Australian gas market confirms the thesis that by 2018 over 250 PJ of domestic demand is uncontracted and that without new capital being invested there will be a major shortfall in supply.
Another company presenting at Energy Mines and Money Australia is a Coal Seam Gas (CSG) exploration and appraisal company, Comet Ridge (ASX:COI).
Based in Brisbane, Comet has tenement interests and a suite of prospective projects in Australia. Comet Ridge is focused on creating shareholder value through the discovery, certification and commercialisation of CSG reserves amid increasing domestic and international demand for gas as a source of clean, greenhouse-friendly energy. Their Managing Director, Tor McCaul, will be presenting on who he views as the emerging players in the gas market.
There has been a lot of industry talk on the complex inter-relationship between gas and renewable energy.
John Henderson, Senior Consultant and Advisory Board Member with Siecap will be arguing the business case for integration at the conference.
Energy, Mines and Money Australia will attract over 500 attendees, showcasing over 40 strategic mineral, coal, oil and gas opportunities, matching projects with global investment throughout a two-day conference and exhibition.