Australia’s LNG trade potential: a first look at Coal Seam LNG

The growing market and demand for liquefied natural gas (LNG) is described as 'a long-term game' by various researchers and energy analysts because of its sustained economic benefits and as measured as a partial solution to the world's growing energy demand. The LNG market is becoming increasingly important to the Australian economy, and global energy security as well as a major export commodity. There are 14 LNG plants either under construction or firmly committed to be constructed around the world out of which eight are located in Australia, and there remain a few more in a pre-feasibility stage. According to the BP World Energy Outlook, natural gas demand should grow at 2.1% annually to 2030 and non-OECD countries will account for 80% of this demand growth. Australia is well placed to build long term energy partnerships with countries across its region on the back of its expanding natural gas (LNG) resource base