Delegates descended on Darwin to attend the two-day South East Asia and Australia Offshore Conference (SEAAOC), held for the offshore petroleum sector.
In the opening session of the conference Federal Minister for Resources and Energy Martin Ferguson noted the significance of LNG projects in the Northern Territory and across Australia.
“Australia exported nearly 15.5 million tonnes of LNG in 2008-09. By 2029-30, LNG exports are projected to increase to 109 million tonnes [per annum], or about 700 per cent.”?
Talk of LNG continued throughout Day One, with presentations from major LNG project proponents including ConocoPhillips, INPEX, Shell, Santos, QGC and ExxonMobil.
Other presentations covered a range of topics including project case studies, market and economic outlook for offshore projects, and a brief insight into unconventional gas projects in Australia.