Australia seeks top spot in LNG market before 2018
Australia has the potential to become the largest exporter of liquefied natural gas (LNG) in the world in the next five years, according to the country's federal resource minister.
Seven of the world’s twelve newest LNG projects, says Minister Gary Gray, are being built in Australia. The resource minister predicts an annual production of 90 million tonnes come 2018.
The demand for liquefied natural gas is expected to rapidly match that of coal by 2035. The International Energy Agency estimates that 50% more gas will be needed by that time.
The Asia-Pacific region is fast becoming the heart of the global market for gas. The region accounts for more than two-thirds of LNG production.
At the same time, imports are expected to increase by an average of 7% from 2012 to 2018. Twenty percent will go to China, which is understandably set to become one of the biggest importers of LNG in the world. The rest will go to economies that are expected to emerge within the next 20 years.
Recommended additional reading:
Azerbaijan telecom satellite meant for VSAT services, not ISP consumers











