From LNG World News:
The value of Australian LNG exports are forecast to hit A$50.4 billion ($35.7 billion) in 2018-2019 as export volumes rise along with the prices.
According to a report from the Australian government’s Office of the Chief Economist, the value will jump almost A$20 billion compared to the financial year 2017-18 when it reached A$31 billion.
The value is expected to remain at the A$50 billion mark for the FY2019-20.
Australia expects to overtake Qatar as the world’s largest explorer during the FY2019-20 when exports are forecast to hit 78.3 million tons, up from 61.7 million tones in 2017-2018.
This represents a 1 percent forecast increased compared to the volumes forecasted in the September report.
Higher export volumes will be driven by the Wheatstone, Ichthys and Prelude LNG projects, the report shows....MORE
