Dixon points to further evidence the world’s major hydrocarbon accumulations are in decline, while petroleum exporters are becoming importers.
“What we thought were high oil and gas prices last year are now normal – they are here to stay,” he said.
“Only a year or two ago, the Asia Pacific LNG market was characterised as a buyer’s market, now it is a seller’s market – but it may be worse than that.
“With available energy resources going to the countries that can pay the high prices, how will the emerging economies secure their needs?”
In addition, petroleum majors in northern Australia and South East Asia were pushing ahead to make major projects such as Gorgon, Tangguh, Pluto, Browse, Abadi and Scarborough a reality, Dixon said.
Dixon said SEAAOC 2006, to be held at SkyCity Darwin, gave a timely opportunity to address these issues.
Speakers this year include Californian Energy Commission chairman Joe Desmond, and Sempra Utilities senior vice president Lee Stewart.
Desmond and Steward will talk about California’s role in receiving and transporting LNG, and the regulatory framework for how infrastructure will be built and access granted for these new energy supplies.
The conference will also include a tour of the Darwin LNG plant.
Further details about the program outline will be released closer to the date.
To register, phone: (02) 9923 5090, fax: (02) 9959 4684, email:
