LNG carrier YK Sovereign has completed the 200th LNG shipment from the GLNG project, departing Curtis Island and arriving at Incheon, South Korea earlier this week, after two and a half years of operation.
Santos CEO Kevin Gallagher said the GLNG project, which is operated by Santos, was delivering economic and social benefits to Queensland.
“The GLNG project is investing around $900m in upstream production infrastructure this year alone, providing ongoing jobs and business opportunities across Queensland,” Mr Gallagher said.
“Santos is drilling a record 300 wells in Queensland this year. More gas production increases total east coast supply which is good for both the domestic gas market and LNG exports.”
Mr Gallagher said the natural gas industry is building a better future for hundreds of millions of people throughout the Asian region.
“For the next two decades, the International Energy Agency expects natural gas to grow more than any other energy type, to a market share of more than a quarter of all global energy demand,” he said.
“Population growth, rapid urbanisation and the need to clean up air pollution across Asia will drive demand for Australian LNG.”