Australian Government and Industry To Work Together

“If we look at not just China, but Japan, Korea and new markets like India, South East Asia, and globally I think you also have to include the US, I think we are going to see some positive demand growth,” Macfarlane said.

Exports of LNG from Australia are expected to increase by 360 percent to about $61 billion (A$65 billion), according to the Australian Bureau of Resources and Energy Economics (BREE).

“Australia will shortly become the second largest, or optimistically the largest exporter of LNG and that is nothing short of amazing,” Macfarlane said.