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The value of Australia’s LNG exports increased by 47 percent year-on-year in the March quarter of 2018, driven largely by increases in volumes as projects under construction came on-line.
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Australia is expected to marginally edge past Qatar as the world’s largest LNG exporter in 2019, shipping an estimated 78 million tonnes of LNG compared with an estimated 75 million tonnes from Qatar.
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Australian liquefied natural gas exports fetched $31 billion during the 2017-2018 period, with 62 million tons exported during the period.
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Liquefied natural gas (LNG) exports continue to underpin the ongoing growth and strength of Australia’s economy, according to the latest Australian Bureau of Statistics (ABS) figures.
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Liquefied natural gas (LNG) exports from Australia have reached a monthly record in April, spread across 98 cargoes.
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The Maritime Union of Australia has passed a motion regarding the ‘Crisis in Coastal Shipping’ as Australian Council of Trade Unions Executive (ACTU) members that met today in Melbourne. The resolution reaffirmed ACTU’s support to MUA’s shipping campaign and maintenance and growth of an Australian domestic shipping industry. “Australian unions will strongly defend maritime cabotage, believing that reservation […]
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Business developments & projects, Project & Tenders
Australian Industrial Energy has won approval to increase capacity at its planned liquefied natural gas import terminal in Port Kembla in New South Wales. The approval to modify the facility will allow increased volumes of gas to flow through the LNG import terminal, satisfying the market need for more gas during winter months, Australian Industrial […]
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The value of Australian LNG exports are forecast to hit A$50.4 billion ($35.7 billion) in 2018-2019 as export volumes rise along with the prices.
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The Maritime Union of Australia has passed a motion regarding the ‘Crisis in Coastal Shipping’ as Australian Council of Trade Unions Executive (ACTU) members that met today in Melbourne. The resolution reaffirmed ACTU’s support to MUA’s shipping campaign and maintenance and growth of an Australian domestic shipping industry. “Australian unions will strongly defend maritime cabotage, believing that reservation […]
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Leading Australian geologist Dr Marita Bradshaw retired at the end of June after many years of dedicated service at Geoscience Australia.
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders
Phoenix International (Australia) has secured a contract with the Royal Australian Navy (RAN) for the delivery of a new air transportable submarine rescue system. Minister for Defence, Christopher Pyne, said the service will be based in Western Australia and support both the Collins Class submarine force and the Attack Class submarines for the next 25 […]
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Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan in the Great Australian Bight.
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Seafarers are demanding a strong Australian shipping industry.
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Ten men have been charged and 186 kilograms of cocaine seized from a 50-meter commercial vessel which was intercepted by Australian Defence Force (ADF) in the Southern Ocean off Tasmania on December 12, 2016. The vessel and its crew were detained and escorted to the port of Hobart, where they arrived on December 16. Tasmania […]
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The commitment follows the two firms’ recent exit from the Great Australian Bight plans
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With its technical expertise and numerous innovations, ThyssenKrupp is one of the leading global system suppliers for submarines and surface naval vessels, with a shipbuilding tradition that stretches back centuries. To strengthen the company’s presence in the Asia/Pacific region it is now acquiring the Melbourne-based Australian engineering firm Australian Marine Technologies. Australian Marine Technologies […]
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Chevron Australia has made a decision to discontinue the company’s Great Australian Bight exploration program. The company said on Thursday that, while the Great Australian Bight is one of Australia’s most prospective frontier hydrocarbon regions, it was not able to compete in the current low oil price environment. Chevron Australia managing director Nigel Hearne said: […]
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Infrastructure, Ports & Logistics
Australian liquefied natural gas (LNG) exports are starting to see the impacts of the COVID-19 pandemic and the global oversupply.
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Liquefied natural gas (LNG) exports from Australia dropped in May following a monthly record in April.
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Australian offshore regulator has requested further information from Equinor on its environment plan for the company’s proposed petroleum exploration drilling activity in the Great Australian Bight.
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Recent news headlines on the LNG sector in Australia seem to be centered around its unsustainable rising costs, Douglas Westwood writes in its DW Monday Report titled: “Australian LNG – A Lost Cause?”
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BP said it will not progress its exploration drilling program in the Great Australian Bight, as it intends to focus on opportunities likely to create value in the near to medium term.
