- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Australia may replace Qatar from the top of LNG exports
Qatar is heading towards losing its position as the world’s first LNG exporter, while Australia will be ranked first thanks to major energy projects, according to recent reports.
Qatar will retreat from the forefront in months, while Australia is currently carrying out huge project costing billions of dollars in order to increase exports of liquefied natural gas.
According to the US Energy Information Administration, the removal of Qatar from the forefront of gas exporters is a temporary issue, due to major Australian projects, such as “Wet Stone” and “Prelude”.
Thanks to the new facilities, Australia’s LNG exports jumped from 2.6 billion cubic feet per day in 2011 to more than 11.4 billion cubic feet in 2019.
The administration makes clear that Australia can only become the largest in terms of exports, but in terms of production, it has been ranked first in the world for some time.
As a result of the increase in LNG facilities in Australia, prices in Australia fell after decrease in demand from major buyers such as China, Japan and South Korea. This drop in demand for LNG has led to lower its prices since late 2019.
