LNG (LIQUIFIED NATURAL GAS)

LNG to boom: ABARE

LIQUEFIED natural gas export earnings are forecast to increase by 22% in 2005-06 to reach $A6.1 billion, according to the Australian Bureau of Agricultural and Resource Economics (ABARE).

LNG to boom: ABARE

Much of the growth will come from Darwin LNG, which has now begun production.

By 2011, the Pluto and Browse LNG operations are expected to be operating, and further capacity will have been added to the North West Shelf and Darwin developments.

ABARE's medium-term forecast to 2010-11 tips LNG earnings to increase by 95% compared with 2004-05.

Earnings from oil and condensate shipments will rise 8% in 2006-07 to reach $A9.3 billion, according to ABARE.

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