Australia investing $12bn in liquefied natural gas

Publish November 24, 2021
oil and gas

RIYADH: Australia has approved a $12 billion liquefied natural gas investment into a wave of projects, with expectations of rise in demand as the world shifts to cleaner energy.

Australia's Woodside Petroleum will supply 8 million tons annually for at least 20 years, by development of the Scarborough field in Exmouth, the Pluto onshore processing facility, and a 430-kilometer subsea pipeline.

The first shipments are expected to begin in 2026, Bloomberg reported.

“One of the quickest ways for nations to reduce their emissions is to switch their energy system from coal to gas-fired,” Meg O'Neill, CEO at Woodside Energy said.

“We think the market for LNG will be very robust for decades into the future,” she added.

arabnews

Latest Stories

Abu Dhabi hotels post record occupancy in June-

2021-07-14 04:00:00

Abu Dhabi’s hotel industry has reported its highest occupancy since the start of the pandemic, according to preliminary June"...
Read More

Rimini Street UK Recognized in the Top 20 of the 2021 UK’s Best Workplaces™ for Women

2021-07-02 10:00:00
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has been recognized in the 2021 UK’s Best Workplaces™ for Women in the medium-sized firm category. This achievement follows a......
Read More

UAE delivers 60,000 COVID-19 vaccine doses to Yemen's strategic island: gov't source

2021-06-20 07:00:00

The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged"...
Read More

Yemen: Hundreds protest against corruption, high cost of living

2021-06-06 05:00:00

Hundreds of Yemenis in Taiz yesterday protested against corruption and the high cost of living, Anadolu reported.

Human"...
Read More