The Oil & Gas Year Australia 2011
Australia has long capitalised on its bounty of natural resources through exports to large growing economies in Southeast Asia. Despite gradual drops in oil production, which have turned the country into a net importer, it has made remarkable advances in LNG shipments. More is on the way. In the next 10 years, Australia will ratchet up LNG output with more than $200 billion of investments in the sector, which could one day make the country the world’s biggest exporter of LNG.
The Oil & Gas Year Australia 2011 tracks the major projects that have elevated the country from a mid-table gas producer to a world-class exporter, including ventures in the North West Shelf and the massive Gorgon initiative.
Today, Australia is the 12th largest holder of natural gas, a status that will only increase as the market makes further discoveries of coal seam gas in eastern states such as Queensland and New South Wales. Eastern Australia has emerged as the epicentre of unconventional gas development, putting the market on the brink of coal seam gas to LNG exports.
Pooling together more than three months of research and interviews the sector’s biggest leaders, The Oil & Gas Year Australia 2011 is the most essential resource to an ever-changing sector and its dynamic participants.