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. Given Australia’s distance to market the only viable way to export this globally important source of energy has been to produce and ship Liquefied Natural Gas (LNG). With an LNG export capability of 80 million tonnes of LNG per annum, Australia leads the world as an LNG exporter.
However, Australia’s leadership of this export industry, and the associated revenue it delivers must adapt to the changing global environment.
To maintain its leadership amongst new competitive market entrants, 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 global need for cleaner energy there must be a clear path to transition our energy exports from cleaner LNG through to green Hydrogen and its derivatives. This challenge presents the opportunity for Australia to leverage the know-how, capability, infrastructure and supply chains of our existing LNG industry, and build on our world-class renewable energy resources, to establish a global leading position in the nascent Hydrogen export industry.
The Future Energy Exports Cooperative Research Centre (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.