Record 2010 Australian gas production

abarrelfullabarrelfull wrote on 08 Mar 2011 10:12
Tags: australia gas lng

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Increasing global demand for the country’s liquefied natural gas (LNG), together with growth in domestic gas-fired power generation, culminated in Australia setting a new natural gas production record in 2010, according to a leading industry report card released today.

The report – by energy economics group, EnergyQuest – reveals Australian natural gas production reached a record 1999 petajoules (PJ) last year, up 5.1 per cent from the previous year’s 1902 PJ.

LNG production grew by 6.2% last year, from 18.6 million tonnes per annum (Mtpa) in 2009 to 19.8 Mtpa due to production from the “fifth train” of the North West Shelf.

The value of LNG exports was a record $9462 million, an increase of 24% over the previous year’s $7631 million.

“The LNG momentum looks set to continue in 2011,” EnergyQuest Chief Executive Officer, Dr Graeme Bethune, said today.

“So far this year we have already seen another Gladstone LNG project, GLNG, in central Queensland, reaching sanction and the ConocoPhillips/Origin Energy APLNG project, also situated at Gladstone, reaching major milestones,” he said.

“Altogether there are seven Australasian LNG projects aiming for final investment decisions in 2011, with combined capacity of around 40 Mtpa.”

Australian domestic gas production increased 2.7% in 2010 to a record 1060PJ, compared with 1032 PJ the previous year.

Natural gas production grew strongly on Australia’s east coast, where coal seam gas production reached a record 222 PJ, an increase of 43 PJ from 2009.

Gas-use for power generation on the east coast continues to grow and increased by 28 PJ for the year to 209 PJ, with growth of 35 PJ in Queensland.

Total Queensland gas consumption is estimated to have been 213 PJ, nearly the same as Victoria’s consumption.

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