Original article by Nick Toscano
Brisbane Times – Page: Online : 8-Mar-24

Figures from energy consultancy EnergyQuest show that Australian liquefied gas exports declined to 80.7 million tonnes in 2023, following a record-breaking year in 2022 when 81.2 million tonnes was shipped. It represents the first year-on-year decline since 2015, and with existing oil and gas fields drying up and limited investment in new fields, it is likely that Australia’s LNG production has peaked. Although Australia still earns tens of billions a year from LNG exports, its role as a key source of greenhouse gas emissions that scientists say need to be reduced in order to combat the worst impacts of global warming has seen the LNG industry become a major cause of environmental concern.

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