LNG (LIQUIFIED NATURAL GAS)

A bright new day for LNG, but Sunrise still 10 years away

THE Australian LNG sector ramped up production by 25% in 2005 and will increase output even more this year now that Darwin LNG has begun shipping cargoes. But this won’t be enough to satisfy global demand, which could treble in the next 15 years, making Woodside bullish enough to plan a fourth liquefied natural gas (LNG) project – a resurrected Sunrise – to follow the North-West Shelf, Pluto and Browse.