Industry confidence returning: EnergyQuest

EnergyQuest CEO Graeme Bethune

EnergyQuest CEO Graeme Bethune

A revived Australian oil and gas industry is heading into 2018 with production at record levels and growth back on the agenda.

There is a confident new mood among the industry and its investors according to independent energy consultancy EnergyQuest.

LNG production in Q3 2017 increased by 20.5 per cent quarter on quarter (qoq) to a record 14.6 MMt.

EnergyQuest estimates LNG export revenue for 2017 will be around $25.5 billion, up 42.5 per cent from 2016.

Domestic gas production also set records, despite the reality of tight supply on the east coast, where domestic gas production was the highest in three years.

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