Australia Oil and Gas Report Q2 2013

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Australia Oil and Gas Report Q2 2013 Mar 27th 2013, 00:00 BMI View: Australia is on track to become the world''s largest liquefied natural gas (LNG) exporter by theend of our forecast period in 2022, surpassing Qatar as a series of major projects come online. However,the spiralling costs of LNG project will most likely slow the momentum in further expansion of Australia''sLNG export capacity. The country will also have to contend with a growing reliance on oil imports asdomestic crude oil production declines while refining outlook appears increasingly bleak in face of regionalcompetition.The main trends and developments we highlight for Australia''s oil & gas sector are:? Our forecast for gas production is 132.4bcm by 2...

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