Australia’s domestic gas issues threaten exports
And a lack of fresh developments means supply is set to tighten
Australia is at a critical junction. The country vies with Qatar and the US as the world’s largest LNG producer, at a time when the liquefied fuel is more vital to the balance of global energy supply than ever before. But the country has also experienced gas supply shortages at home, prompting the government in Canberra to intervene in the domestic market and threaten the LNG export sector. And the looming shortfall in domestic supply is set to worsen as fields mature without fresh volumes coming online, due at least in part to public environmental opposition. Graeme Bethune and Rick Wilkinson, chairman and new CEO respectively at Australian consultancy Energy Quest, spoke with Petroleum Eco
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment