Australian LNG to go to the USA

The Australian potential to supply liquefied natural gas (LNG) safely and reliably into Mexico and the west coast of North America was the focus of a recent visit by Federal Industry, Tourism and Resources Minister, Ian Macfarlane.

While in Mexico and California, Mr Macfarlane met with key government and industry contacts to further promote Australia’s long-standing record of competitively-priced, safe and reliable delivery of LNG to our overseas clients.

The US Department of Energy forecasts that natural gas consumption in the US will rise from 22 trillion cubic feet (Tcf) in 2003 to more than 30 Tcf per annum within the next 20 years, with LNG imports contributing nearly 6 Tcf.

Until now receiving terminals have been located on the east coast, but there is now a recognised need to build LNG receiving facilities on the west coast as well as opportunities to Australian companies.

The growing demand for natural gas on the Mexican west coast also opens up major opportunities for Australian exports, with two LNG terminals proposed for Baja California receiving key government approvals.

For information on this article, or on any other aspect of the Australian economy or business opportunities available, please email me.

David
editor@agarcarlyon.com