LNG 18 to Be Held in Perth, Australia

Mines and Petroleum Minister Bill Marmion will address 10,000 delegates in Texas this week as Western Australia prepares to host the largest resources event in its history – anticipated to inject more than $50million into the State’s economy.

Mr Marmion will deliver the address at the world’s largest Liquefied Natural Gas (LNG) conference, LNG17, where this year’s event organisers, Houston, will pass the hosting duties for the 2016 conference to WA.

He will use the closing ceremony address to invite thousands of international delegates, exhibitors and petroleum industry representatives from more than 80 countries to attend the next conference, LNG 18, in Perth in 2016.

“LNG18 is expected to attract 5,000 delegates and exhibitors and inject more than $50million into the State’s economy, the largest such event in WA’s history,” Mr Marmion said.

“It will be an unparalleled opportunity to promote Western Australia’s petroleum resources and role as a global energy supplier, and Perth as a major centre for expertise and services to the petroleum industry in Australia and Asia.”

While in Houston Mr Marmion will also meet with senior executives from exploration, production and services companies from the USA, Europe and Asia.

“This interaction is crucial, as Western Australia is becoming a world leader in LNG.

“By 2016, WA is expected to have an annual LNG production capacity of more than 50 million tonnes – up from the current level of 20 million tonnes.”

The LNG17 conference runs from April 16-19.

• Last year oil and gas projects worth $111billion were under construction or committed, and others under consideration were worth $91billion
• Western Australia’s oil and gas reserves currently exceed 140 trillion cubic feet of natural gas and 350 million barrels of oil
• The State’s unconventional gas resources, including shale and tight gas, are estimated, by the US Energy Information Agency to be 288 trillion cubic feet
• Western Australia’s successful bid to hold LNG18 was led by the Australian Gas Industry Trust and strongly supported by the Federal Government and Australian Petroleum Production & Exploration Association.

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LNG World News Staff, April 16, 2013; Image: billmarmion-nedlands