Six photos of Australia’s largest energy projects

Australia is home to some of the largest gas projects in the world, with investment in local projects adding up to over $200 billion.

This list shows just how dominant Australia is in the global industry, with record breaking expansions already underway in WA and QLD.

It also shows how important our gas industry is to the rest of the world, and underlines the scale of investment being poured into the economy.

GLNG – $15 billion

The Gladstone LNG development was approved in early 2011, with an estimated cost of $15 billion. 

The controversial project will target Queensland's vast reserves of coal seam gas to use as a feedstock for LNG production.

Queensland Curtis Island LNG – $19 billion

Once completed in 2014, this CSG-fed facility will have an annual capacity of 8.5 million tonnes of LNG. 

The project's $19 billion capital cost has been revised up from the initial $14 billion that was slated in 2010, with unanticipated regulatory costs, scope changes, and the rising dollar all forcing the investment higher.

Wheatstone – $29 billion

Chevron's Wheatstone LNG project has a capital cost of over $29 billion and is scheduled to be in operation by 2016.

The project, located off the coast on WA on the north-west shelf, will produce around 8.9 million tonnes of LNG.

Australia Pacific LNG – $19 billion

The APLNG project, run by Origin Energy, ConocoPhillips, and Sinopec, is the third LNG plant to be based on Curtis Island, using coal seam gas as a feedstock.

When it was first approved a single train producing 4.5 million tonnes of LNG was sanctioned at a cost of $13 billion, but a second train is also expected to be approved for an additional $6 billion.

The project is scheduled to be in operation by 2016.

Gorgon – $43 billion

The largest LNG project under construction is the Gorgon development in WA, which is a joint venture between Chevron, Shell, and ExxonMobil, as well as three Japanese customers that hold minor equity stakes.

The 15 million tonne LNG development is sheduled for completion by 2015. 

Ichthys – $32 billion

The Ichthys LNG project is owned by INPEX (72.8 per cent) and Total (24 per cent), with the remaining share taken up by Japanese LNG customers.

The $32 billion project will see gas produced in the Browse Basin off WA and piped to Darwin via a 900km underwater pipeline.

When completed the pipeline will be the world's longest undersea pipeline, servicing a development producing 100,000 barrels a day of gas condensate.

The gas has been sold under long term contracts to a range of Japanese customers, including CPC Corporation and Total Power and Gas. The project is scheduled to start production at the end of 2016.

Other exciting projects:

Woodside is leading a number of massive projects in WA, including the Pluto gas field around 190km north of Karratha, and the controversial Browse/James Price Point development near Broome.

Smaller shale gas plays have also opened up in the Pilbara and further south in WA, and smaller coal seam gas deposits are also under development in most parts of the eastern states.

Images: CNN Money

Send this to a friend