Australia Pacific LNG (APLNG)’s first shipment to Japan’s Kansai Electric has been welcomed by Queensland treasurer Curtis Pitt, boosting the state’s $60 million LNG industry.
The LNG Fukurokuju left Curtis Island at 3pm on Wednesday with Pitt saying it is the company’s 27th shipment, and the first one to Kansai Electric which is a major electricity generator.
“This is yet another milestone for the first coal seam gas to LNG project in the world – an industry that represents more than $60 billion dollars’ worth of investment, 22 million tonnes of LNG exports each year and export contracts with China, Japan and Korea,” Pitt said.
It comes after APLNG’s first shipment in January this year, with Santos’ GLNG and QGLNG sending first shipments last year.
Member for Gladstone Glenn Butcher also welcomed the news, saying it will “drive the value of Queensland exports to almost $100 billion by the end of the decade”.
Pitt went on to say that as LNG production increases, it will become the second largest export, with up to $17 billion from 2018-19.
“By 2018, Queensland could be the world’s fourth largest LNG exporter and, by the end of the decade, Australia has the potential to be the world’s leading LNG exporter,” Pitt said.
The growth is set to continue with last year’s announcement of QGC’s $1.7 billion Charlie CSG project near Wandoan.