What is liquefied natural gas (LNG)?
LNG is natural gas (methane) chilled to -161ºC so that it becomes a liquid. Once it has been liquefied, the methane takes up much less space. Because LNG occupies about 1/600 the space of methane in its gaseous form it can be exported in purpose-built tanker ships.
LNG is driving an unprecedented level of investment in Australia.
Australia has three operating LNG projects. Another seven LNG projects – representing a total investment of more than $200 billion – are now under development. Still more are on the drawing board.
This is already creating thousands of jobs and will deliver major export income and tax revenue for Australia, as well as cleaner energy for Asia.