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Australia to become top LNG exporter by 2018


Australia is set to become the largest liquefied natural gas (LNG) exporter by 2018, according to HSBC, as more production comes online.

"The long-awaited export ramp-up is almost here," economists at the bank said in a report published Thursday, pointing to two major facilities due to go online shortly.

The Queensland Curtis LNG project (QCLNG) is set to commence production before year-end and the West coast's Gorgon plant will follow suit next year. Together, these projects boast a capacity of over 24 million tons per annum - the total amount Australia exported in 2012-13. more...

Source: CNBC