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Australia has the potential to become the number one supplier of LNG to the world over the next 20 years.
Australian gas is a cleaner energy alternative than many of the present energy sources and this could become a world leader in LNG supply up to 2040, but only if we can remain competitive with other emerging gas suppliers in ever-increasing global market.
There is competition around the world, there’s a lot of gas around the world.
If the Australian government and major mining and resource companies can’t work together in a productive manner to agree on a policy whereby new projects can be approved and implemented quickly, efficiently and reliably, then companies seeking to pour investment money into Australia, thereby creating thousands of LNG jobs will simply take their investment dollars elsewhere.
“I think that’s a reality that many people don’t realise,”ť Western Australian managing partner of Deloitte, Mike McNulty said.
“I think gas is one of the most exciting developments that we’ve had in this country for a very, very long time,” McNulty, co-author of the report, told the ABC.
What we’re seeing in the Australian gas industry over the last five years is enormous investment, however, very few of those projects have come on-stream yet. The production and output of LNG over the next four or five years is going to increase 250 percent.
“That is a huge transition. It’s going to pay enormous dividends back to the country”ť.
Australia`s growing liquefied natural gas sector will provide the biggest boost to Australia`s economy over the next 20 years, as well as create an abundance of long-term LNG jobs, advisory firm Deloitte says.
Mining, LNG’s future
Co-author of the report Chris Richardson said: ”Mining will continue as a major driver of our prosperity over the next two decades and beyond.
“We need to look at how we can extend our ability to ride the mining wave.”ť
But Deloitte warns growing costs, regulatory burden, and falling productivity could all impact Australia`s ability to reap the benefits of mining in the next twenty years.
“Global markets for gas, tourism and agribusiness are each expected to grow at rates at least 10 per cent faster than global GDP as a whole.”ť
Educate yourself in the finer details of LNG in Australia
Read another. It has some insights into where the industry is heading.
If you’re one of the many thousands of people who are searching for ways to break into the LNG industry and secure a lucrative job in the LNG industry, these types of reports will give you a massive head start and help you understand the industry.
Once you understand how the industry works and where the LNG jobs could be, you’re well on your way to creating a huge advantage over other people who simply apply for jobs, but don’t have any idea about the industry itself.
Just one example of LNG in WA
The $5 billion North Rankin project will allow Woodside and its partners to recover an estimated five trillion cubic feet of low-pressure gas in the North Rankin and Perseus gas fields, and help keep the North West Shelf in production until 2040. Production began there in 1984.
The redevelopment involved the construction of a second platform and the refurbishment of the existing platform at North Rankin, which has been the main source of gas for the North West Shelf.
Woodside and its partners are also spending $2.5 billion on the Greater Western Flank development, which involves amalgamating a number of smaller gas fields in the region into the North West Shelf. That project is due for completion by 2016.
Other LNG jobs Australia
The boom in demand for Australian natural gas from Asia, and the development of new sources such as coal seam gas from Queensland`s Bowen and Surat Basins, has sent export expectations soaring. Australian Pacific LNG has plans to drill 10,000 gas wells in the Bowen Basin and Surat Basin in the next 30 years.
“gas consumption this year is expected to reach 110 billion cubic metres, up more than 37 per cent from 80 billion cubic metres only two years ago”
Add to that the new technologies such as Floating LNG which will increase production and lower infrastructure costs, the future of LNG in Australia looks very promising.
If you`re not sure what types of LNG jobs in Australia are in demand, here`s some ideas:
- LNG jobs for the Arrow Curtis Island LNG project in Queensland
- View a list of training courses you can do to prepare for LNG jobs
Call 0403 560 594 for more information on training courses to help you get into the LNG industry in Australia
About the Bowen Basin
The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the worldâ€™s largest deposits of bituminous coal.
The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queenslandâ€™s first Governor, Sir George Bowen.
The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.