Supply & Demand

Australian LNG – beyond the boom

Australia is set for another substantial increase in its LNG exports. However, output growth will slow dramatically after the next wave of new capacity comes online Australia is set for another substantial increase in its LNG exports. However, output growth will slow dramatically after the next wave of new capacity comes online.
By Catriona Scott 29 May 2018 0 31001
Ichthys LNG Project onshore facilities under construction Inpex’s Ichthys project. The next wave of new capacity is due to be commissioned before the end of the year. (Inpex)

Australia is on the cusp of another major boom in its production and exports of LNG. After the projects that brought large volumes of CBM-derived LNG to market and put the east coast of Queensland on the LNG map, new supply is about to start up on Australia’s northwestern coast. 

The next wave of new capacity – Prelude FLNG, Ichthys LNG and Wheatstone Train 2 – is due to be commissioned before the end of the year. These projects also represent the last wave of new...