Western Australia will host the world’s biggest LNG conference in 2016, with 5000 delegates expected to attend the event.
Hosting duties for the event were passed onto Mines and Petroleum Minister Bill Marmion during this year’s Texas event.
The LNG18 Perth conference is expected to attract 5000 delegates and exhibitors to WA and inject more than $50 million into the State’s economy.
Department of Mines and Petroleum director general Richard Sellers accompanied Marmion to Houston in April to attend LNG17 and promote WA’s oil and gas prospects to potential investors.
“The Houston visit provided an invaluable opportunity for WA to engage with the international LNG industry at the highest level,” Sellers said.
“Our meetings with several major oil and gas companies, including Chevron and Hess, included discussions relating to emerging LNG trends and WA’s role as a global energy supplier for the Asian market.
Sellers said many companies already had a strong knowledge of WA and expressed interest in future business opportunities in the state.
Already showing strong interest, 60 per cent of the delegates who attended LNG17 in Texas have signed up to attend the Perth LNG18 event in 2016.
It is estimated that the LNG boom in Australia is worth $180 billion in planned investments with many predicting the projects will lift Australia from the fourth largest LNG producer to the first, knocking Qatar off its perch.