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Australia Is Challenging Qatar's LNG Crown

  • New output from Wheatstone, Ichthys, Prelude to boost supplies
  • LNG to overtake met coal as Australia’s 2nd-biggest export
A Santos Ltd. pilot well operates on a farm property in Narrabri, Australia, on Thursday, May 25, 2017. A decade after the shale revolution transformed the U.S. energy landscape, Australia — poised to overtake Qatar as the world’s biggest exporter of liquefied natural gas — is experiencing its own quandary over natural gas.
Photographer: Brendon Thorne/Bloomberg

Australia is soon to match Qatar as the world’s biggest liquefied natural gas seller thanks to a spate of new projects nearing completion, according to the Asia-Pacific nation’s commodity forecaster.

Australia’s annual LNG exports will reach 74 million tons during the year to June 2019, on par with shipments from the Middle East gas powerhouse during that period, the nation’s Department of Industry, Innovation and Science said in a quarterly report Friday. Shipments of 52.2 million tons in the current year to June will be 41 percent higher year-on-year, it said.