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Explore the current global and Australian LNG market dynamics, from demand projections to the rise of Floating LNG projects and unconventional gas opportunities in Australia. Learn about key projects, technological advancements, and future potentials shaping the LNG industry.
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The Rise of LNG - Australia • GLOBAL OUTLOOK • Current Global LNG demand strong • Short-term-uncertain but recovering • Medium-term-supply/demand balance • Long-term-very positive Japan Govt Estimate IEA New Policy Estimate Shell Estimate 2030-35 • AUSTRALIAN OUTLOOK • Current production-20 mtpa • Short-term-Pluto 24 mtpa • Medium-term-2015 approach 60 mtpa • Long-term-exceed 100 mtpa • Underpinned by long-term contracts
Floating LNG • Novel application of existing technology • Shell’s Prelude field 450km offshore in Browse Basin * Will be first FLNG operation in the world * Potential 3.5 mtpa LNG processing train • Santos with GDF Suez in the Bonaparte Basin • Sunrise Project • PTTEP
CSG Projects • Australia has potential CSG reserves of 150 tcf • World’s first coal seam gas to LNG for export projects • 4 major projects proposed for Gladstone, Queensland * BG/QGC – Queensland Curtis LNG (in construction) * Santos/Petronas/Total/KOGAS – Gladstone LNG (in construction) * Origin/ConocoPhillips – Australia Pacific LNG (EPBC approved) * Shell – Curtis Island LNG • Further small projects potential • Potential capacity 30-50 mtpa depending on gas reserves • Other potential unconventional gasopportunities in Australia