Australia | markets
Report. And, since 2005, Australia has imported around 5.5 billion cubic metres (bcm) of gas from the Bayu- Undan gas fi eld of the Timor Sea via a 500km 26-inch diameter sub-sea gas pipeline to Darwin’s LNG plant in the Northern Territories, according to The MJNEnergy LNG Supply Handbook 2015-2035. In contrast to the buoyancy and expected boom in
Australian LNG production over the next fi ve years, domestic consumption of natural gas is expected to remain fl at due to the combination of an increased use of renewable energy and a continued shift away from manufacturing towards services (Figure 2). Natural gas accounts for around 21% of Australia’s energy con- sumption shared between residential (12%), commer- cial (8%) and industry - chiefl y mining, manufacturing, construction, power generation and transport (76%).
Commercial LNG exports Commercial scale exports of Australian LNG com- menced in 1989 when Woodside Energy’s North West Shelf LNG export terminal came on line. By the end of 2014, four more LNG export terminals had been completed at a total cost of around $200bn (Table 1).
Six more LNG export plants are scheduled to come on line between 2015-2020 ( Table 2), although there may be some slippage in these projects due to indus- trial relations problems, cost overruns and recent energy market developments. Nevertheless, APPEA forecasts a tripling of LNG production to 85m tonnes by 2018 and an accompanying increase in LNG shipments. APPEA reported in 2014 that Australia had more than $190bn worth of LNG projects under construction. Of course, LNG export projects and pipeline construc- tion projects are inextricably linked. By way of illustra- tion, Graeme Bethune, CEO at the EnergyQuest energy consultancy, says: “They’ve just fi nished three huge pipelines for the Queensland LNG projects as well as linkages from Gorgon and Wheatstone to the DBP”. The drive for LNG exports required substantial initial
investments in gas pipeline construction and will still require considerable additional pipeline capacity. Olivier Royet, Head of Section Pipelines, DNV GL Oil & Gas, Australia says: “As the plants are reaching full capacity, the pipeline network will need to grow to maintain production capacity.” A further eleven LNG export project proposals have
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