The Australian LNG
industry is poised to become a leader in Global LNG industry by 2018 with its seven
new under construction LNG projects, largely driven by creation of better
investment climate by the Government and
positive investment outlook of major Oil&Gas companies in LNG industry of
Australia.
Due to vast natural gas reserves in Australia, interest of
major global and domestic Oil & Gas companies to leverage this excess
capacity had resulted in formation of infrastructure for LNG exports to
important gas consumer markets. These gas markets particularly in Asian
countries are good opportunity for LNG business since their emerging economies
had outpaced the domestic energy demand-supply balance and due to geographic
proximity of Australia, the LNG export industry can flourish in long term
prospects.
The world’s first largest Floating LNG project will also go online,
thereby leading the technological innovation and initiating a cost effective
alternative to LNG terminals. Regasification capacity developments in Asian
countries will make positive scope for Australian LNG export industry since
these facilities will drive the LNG import countries to enter into long term
gas sales agreements. LNG pricing will be a major talking point in the
Australia LNG industry due to emergence of Henry Hub pricing in the US which
would make the LNG projects stakeholders to focus on competitiveness and market
accessibility in long term.
According to the research report published
by Ken Research, “Australian LNG industry in the future would be majorly driven
by the high demand of LNG volumes by Asian gas consumer markets such as Japan,
China, South Korea and Taiwan”.
The report
‘Australia LNG Industry Outlook
to 2018 - Upcoming LNG Projects to Drive the Future Growth’ provides detailed overview on the LNG industry of
Australia and the business side of this industry. This report helps reader to
identify the ongoing trends, existing and upcoming LNG projects profile, developments
in the Australia LNG industry and anticipated growth in future due to major
upcoming LNG projects. The report will help petroleum industry consultants, global
and domestic natural gas companies, electric utilities sector and other
stakeholders to align their market centric strategies by gaining perspectives
from this comprehensive report on LNG industry of Australia.
Read more- http://www.kenresearch.com/oil-and-gas/natural-gas/australia-lng-market-research-report/521-109.html
Contact Person- Ankur Gupta
Email id- ankur@kenresearch.com
