Australian PM secures Gladstone LNG projects’ support to domestic gas market

Australian PM secures Gladstone LNG projects' support to domestic gas market

Australia’s prime minister Malcolm Turnbull has secured commitments from two of the three Curtis Island LNG projects to contribute to the domestic gas market. 

During a meeting with the gas industry representatives on Wednesday, Turnbull said measures were agreed on that will help deliver cheaper and more reliable energy to Australian households and increase gas supplies for businesses.

The two projects that have already committed to boosting the domestic gas supplies are the QCLNG and Australia Pacific LNG while Santos GLNG has taken the matter on notice.

During the meeting, gas producers guaranteed that gas will be made available to meet peak demand periods, among other measures.

Speaking of the agreements, Shell Australia chairman Andrew Smith said that the QCLNG project has already “reduced LNG export shipments to supply additional gas to the domestic market.”

However, he called for the development of additional local supply, especially in Victoria where the government banned conventional and unconventional gas exploration and development.

In addition to LNG projects on Curtis Island near Gladstone, other producers have also agreed to revise their domestic gas production forecasts, while the Australian Energy Market Operator (AEMO) will produce an updated supply outlook.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >