Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting.
Australian LNG capacity reached 11.4 billion cubic feet a day this year, more than four times what it was in 2011 and surpassing Qatar’s capacity.
Australia “exported more LNG than Qatar in November 2018 and April 2019,” the EIA said in a report Monday. “Within the next year, as Australia’s newly commissioned projects ramp up and operate at full capacity, EIA expects Australia to consistently export more LNG than Qatar.”
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With export facilities coming online at a fast clip along the Gulf Coast, the United States is seeking to challenge Australia and Qatar’s dominance in the LNG market. But for now the United States is a distant third, with exports of less than 6 billion cubic feet a day.
Japan, China and South Korea are the three largest buyers of Australian LNG.
