Australia has a long and very profitable heritage as an energy exporter. Most recently this has occurred via our extensive endowment of natural gas, and a significant demand for energy from Japan, Korea and China. However, Australia’s leadership of this export industry, and the associated revenue it delivers must adapt to the changing global environment. Australia’s LNG industry must reach new levels of efficiency in all parts of the LNG value chain by reducing emissions, using less energy, delivering greater reliability and recovering more high value by products.
Moreover, with the growing global need for cleaner energy Australia needs to seize the opportunity to help grow a Hydrogen export industry. There is an opportunity now for Australia to build on our world-class renewable energy resources and leverage the know-how, capability, infrastructure and supply chains of our existing LNG industry, to establish a new competitive export industry.
The FEnEx CRC will execute cutting-edge, industry-led research, education and training to help sustain Australia’s position as a leading LNG exporter, and enable it to become the leading global Hydrogen exporter.