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The Rise of LNG: Australia's Global Outlook and Future Prospects

The global demand for LNG is currently strong, although short-term uncertainties persist. In the medium term, the supply/demand balance is stabilizing, while the long-term outlook remains positive, with various estimates suggesting Australia could exceed 100 mtpa of LNG production. Current projects, including floating LNG technology such as Shell’s Prelude, are paving the way for significant capacity increases. Australia’s potential coal seam gas reserves and ongoing construction of major LNG projects in Queensland promise further growth in the LNG sector.

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The Rise of LNG: Australia's Global Outlook and Future Prospects

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  1. 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

  2. Australian LNG Projects

  3. 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

  4. 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

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