Thursday, March 22, 2012

A $200b push to become world's biggest gas power |

A $200b push to become world's biggest gas power | Australia is on track to become the world's biggest supplier of liquefied natural gas, overtaking Qatar, perhaps as soon as 2017. Our LNG boom is happening all over: from Chevron's $43 billion Gorgon project at Western Australia's Barrow Island (the country's biggest resource project, ever), to Woodside's $35 billion Browse project on the Kimberley coast, to Inpex's $US34 billion ($32.4 billion) Ichthys project at Darwin and on to Queensland, where coal seam gas for export has taken off. Woodside and Oil Search also plan big projects in the Timor Sea and Papua New Guinea. In total, well over $200 billion of LNG projects are in the pipeline.

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