Southwest Pacific Rim - Liquefied Natural Gas (LNG)
As opposed to the Asian Pacific region, which is dominated by LNG regasification terminals, the Southwest Pacific Rim region is dominated by LNG liquefaction terminals.
There are four LNG liquefaction terminals operating in this region, two in The Commonwealth of Australia and two in the Republic of Indonesia.
Papua New Guinea possesses some of the world's largest proven natural gas reserves, and has four LNG liquefaction terminal projects proposed. Other LNG liquefaction terminal projects have been proposed in The Commonwealth of Australia, East Timor, the Republic of Indonesia and New Zealand.
Due to declining natural gas production, the Republic of Indonesia is considering three LNG regasification terminal proposals, although this country has traditionally been an LNG exporter.
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