Australia hits record oil and gas production

Australian petroleum and gas production both rose 16 per cent from the previous year to achieve record numbers, with petroleum hitting 1,010 MMboe and gas reaching 5,082 PJ. LNG production also rose 22
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$500m methanol project planned for NT

West Australian chemical company Coogee is undertaking a feasibility study into a new 350,000 t/a plant near Darwin, with a possible cost of $500 million and a final investment aimed for 2021. Methanol
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Federal Government reviewing domestic gas

Federal Resources Minister Matt Canavan said the government was examining how to bring down gas prices on Australia’s east coast and would look at Western Australia’s gas reservation scheme to see
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