4.1 Australian LNG exportsGlobal LNG supply capacity expanded...

4.1 Australian LNG exports
Global LNG supply capacity expanded significantly as a result of Australia’s $230
billion LNG investment boom between 2007 and 2012, when final investment
decisions were taken on eight major LNG projects. With the last of the projects
becoming operational in 2019, Australia now has 10 LNG facilities with a total
liquefaction capacity of around 88 million tonnes per annum (mtpa).
Figure 4.1 – Australia’s major LNG projects
Source: Resources and energy quarterly, December 2022:
https://www.industry.gov.au/sites/default/files/2022-12/resources-and-energy-quarterly-december2022.pdf
LNG is produced solely for the purposes of transportation to market by ship.
Liquefaction cools natural gas to its liquid form, reducing to 1/600th of its volume,
thereby enabling it to be shipped. The geographical distance between Australia and key
export markets prevents trade through conventional pipelines like those used for
domestic gas consumption.