Page 50: of Offshore Engineer Magazine (Jan/Feb 2019)

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REGIONAL REPORT Asia-Paci? c

Af er Heavy Spending on

Developing LNG Export Capacity

Oceania Companies Focus on Expansion and Backf ll

BY NICOLE ZHOU, APAC Analyst, GlobalData

Australia is well positioned to maintain In 2018, natural gas represented 84% forecast to increase in line with LNG ex- its role as an important supplier of the of Oceania’s hydrocarbon production in port capacity expansion, although com- world’s energy needs, particularly in the barrel of oil equivalent (boe) terms. Most panies will be required to reserve around

Asia-Paci