Northwest Australia’s Ichthys and Gorgon liquefied natural gas (LNG) projects each have reached construction phase milestones, while the first of three LNG projects on the eastern coast of Curtis Island is close to start-up.
The milestones being reached comes at a time when the Japanese Prime Minister, Shinzo Abe, is in Australia – and apparently it is clear the purpose is to affirm the two nations’ relationship in trading LNG.
Japan is currently looking to secure LNG supply agreements to quench the country’s thirst for power after it took the decision to investigate other methods of energy supply following the Fukushima disaster involving a nuclear power plant which was damaged when a major earthquake occurred off the coast – leading to a tsunami which caused critical meltdowns in three of the plant’s six nuclear reactors.
Australian Prime Minister Tony Abbott has visited both China and Japan within the last year in a bid to secure supply deals. Australia is set to become the world’s largest exporter of LNG by the end of the decade with a vast number of LNG export terminals in the planning or construction stages.
Loan will be used to purchase the services of American companies for the construction of a major LNG project in Queensland, Australia.
The development of unconventional oil and gas resources is gaining momentum across the world, with China and Australia becoming two of the most important emerging markets for shale and Coal Bed Methane (CBM) exploration, says GlobalData.
The car manufacturer will be able to self-inspect and manufacture the tanks for FCVs. This makes Toyota the first company to become a registered manufacturer of 70 MPa (700 bar) hydrogen tanks under Japan’s High Pressure Gas Safety Act, revised in 1997 by METI.
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