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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Ichthys will provide a long-term stable supply of cleaner energy to. interest alongside Santos, Petronas and Kogas in the GLNG Coal Seam Gas to LNG project launched in early 2011. First LNG will be delivered in 2015. Japan, and help Japan diversify its energy sources. —INPEX Chairman Naoki Kuroda. million tons per year.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. By 2040, natural gas is expected to account for more than a quarter of global energy use, surpassing coal in the overall mix. The OECD represents the developed economies.

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