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Origin Energy Limited (ASX:ORG) is increasing its exposure in conventional and unconventional resources to address major LNG export hubs and the domestic market.
The energy producer says Australia is forecast to emerge as the world’s largest liquefied natural gas exporter in the next three years.
A presentation by the company shows 85 million tonnes per annum will be directed to offshore markets by 2017, representing four times domestic gas demand.
Exporting to Asia Pacific markets is set to see demand almost double from 175 million tonnes per annum in 2013 to 325 million tonnes per annum by 2025.
Origin Energy boosted its net profit to $638 million in the 2014 financial year.
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