LNG gets a big boost

Herald Sun - Motoring - - Big Wheels -

Aus­tralia pro­duced a record amount of liq­ue­fied nat­u­ral gas last fi­nan­cial year, ac­cord­ing to the en­ergy eco­nom­ics group EnergyQuest.

It says Aus­tralia pro­duced 18.7 mil­lion tonnes, up 7.5 per cent on the pre­vi­ous fi­nan­cial year.

‘‘The growth in pro­duc­tion was driven by grow­ing de­mand for Aus­tralian LNG in Ja­pan, China and Tai­wan,’’ EnergyQuest chief ex­ec­u­tive Dr Graeme Bethune says.

EnergyQuest says that, though ex­port vol­umes grew, the value of ex­ports fell from $10 bil­lion to $7.8 bil­lion.

This was caused by the fall­ing price of LNG, which is linked to oil prices.

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