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Australia to become top LNG exporter by 2018

2014-10-30

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