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Australia's energy minister Martin sir alex ferguson said on October 15,, according to current progress to see, Australia in 5 years is expected to become the world's biggest producer of liquefied natural gas (LNG).
On the same day, sir alex ferguson in Australia pipeline industry association conference on Wednesday, 2010 to 2011 year, Australia's liquefied natural gas exports reached 20 million tons, totaled 10.4 billion Australian dollars ($1 $1.02). In order to meet domestic and global demand for natural gas, Australia has accelerated the progress of the exploitation of gas.
Sir alex ferguson says, Australia's liquefied natural gas refining capacity has been gradually improved, exports also gradually increase, in addition the country is steadily promote the development of a series of liquefied natural gas project. "We are currently is the world's fourth largest exporter of liquefied natural gas (LNG). It is expected to in 2012 to 2013 year, our country liquefied natural gas exports will be on the basis of the previous 19% growth," he said, "at present, Australia has 13 liquefied natural gas project construction, a total investment of about $176 billion, the 13 project will create at least 60 million tons of annual production of liquefied natural gas (LNG)." "Based on these, by 2017, China's exports of liquefied natural gas (LNG), will reach the present 4 times, Australia also will become the world's largest LNG producers."
In may this year, Australia geological, resources and energy and oversees federal resources combined, according to a report released in accordance with the current mining speed calculation, Australia has proved gas reserves can maintain mining in 200. The report also pointed out that in 2012 the Australian gas resources evaluation, natural gas is listed as the third largest domestic energy, second only to coal and uranium.
According to sir alex ferguson I say, Australia the liquefied natural gas export capacity of 24 million tons. At present already proved gas reserves more than 11 trillion cubic meters, and shale gas exploration is still on. Because of shale gas exists in rich organic mud shale and sandwich, ingredients to methane is given priority to, the unconventional gas mining difficult. Sir alex ferguson says, Australia for shale gas development is still in the early stages, once developed, the domestic natural gas reserves will likely to double.