The largest Oil and Gas delegation from Western Australia visited UAE to further strengthen the bilateral relations with the country.
The Western Australian branch of AMCHAM (American Chamber of Commerce) headed by Mrs. Penelope Williams had brought a 36 member delegation to the UAE to further strengthen the growing trade relationship with Western Australia. The delegation was led by Mr. Pankaj Savara, Commissioner of Western Australian Trade Office (WATO) in Dubai. The delegation met with Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Chamber during their visit.
“The meetings held in Abu Dhabi provided the delegation with an opportunity to share Western Australia’s capacity in terms of both the supply and services, and the potential investment opportunities in Western Australia’s LNG sector. The delegates had the opportunity to meet the representatives of UAE’s oil and gas industry with a perspective to formulating a meaningful business relationship. The delegates also had the chance to elaborate the potential for increased business engagements, following the growing air connectivity between UAE and Western Australia,” said Mr. Pankaj Savara, Commissioner, WATO Dubai.
By 2017 Australia is expected to produce 87 Million tons of LNG, ranking it above Qatar as the world’s leading LNG (Liquefied natural gas) exporter. With two thirds of its reserves located in three basins off the Western Australian coast, Perth, Western Australia’s capital city is the ideal host of the most prestigious triennial LNG conference the 18th ‘International Conference & Exhibition on Liquefied Natural Gas’ (LNG18).
The exports between Western Australia and UAE were to the tune of AED3.4 billion in 2013. Currently 57.1% of the trade between Australia and UAE is carried out with Western Australia. Last year, a high-level business delegation was led by the Minister of Economy Sultan Bin Saeed Al Mansouri to Western Australia to explore ways of strengthening economic and trade relations with the State.
“There has been a significant increase in trade between Australia and the UAE over the last few years. Australia has been a popular destination for UAE nationals along with the fact that there has been a steady rise in investments from the UAE over the last few years. We are very keen on building the relationship with UAE. Western Australia has a strong track record in implementing multibillion dollar oil and gas projects. The State dominates Australian petroleum production, accounting for 69% of natural gas, including LNG feedstock, 95% of oil and condensate production, and around 89% of LNG exports nationally,” added Mr.Savara.
The largest Australian State, Western Australia, is the largest grain and mineral exporting state with one of the most resource rich precincts in the world. Perth is home to the largest concentration of global oil and gas companies in Australia. In 2012–13, the resources sector was worth $102 billion with its mineral and energy exports contributing a dominant 89% share of the State’s merchandise exports earnings. The main resources targeted in Western Australia are iron ore, natural gas, gold, alumina and nickel.
For further information please contact:
Prem A. Ramachandran
White Water Public Relations
PO. Box 18936, Dubai, UAE
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