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This compares to 81.1 Mtpa in 2023, and the previous record of 81.3 Mt shipped during 2022, EnergyQuest said in a new report.
The US, Australia, and Qatar are the world’s top three largest LNG exporters.
The consultancy said that the 2024 LNG revenue of $67.7 billion was less than the record $90.3 billion in 2022, and $74.3 billion during 2023.
This is primarily due to lower LNG prices, which was countered somewhat by a falling Australian dollar compared to the US dollar, EnergyQuest said.
Australia’s December 2024 shipments were 85.7 Mtpa on an annualized basis, compared to 80.9 Mtpa for November 2024, the consultancy said.
December 2024 shipments represented 97.3 percent of nameplate capacity.
EnergyQuest estimates that Australian LNG export revenue in December was $2.38 billion, higher than the $5.76 billion in November, and reflecting only a 0.6 percent decrease compared to December 2023, when revenue was $6.42 billion.
Western Australia projects earned export revenue of $3.60 billion, Queensland projects brought in $2.06 billion, and NT projects earned $0.72 billion.
Moreover, WA shipments were higher at 4.11 Mt in December, up from 3.83 Mt in November, while there were 58 cargoes in December, compared to 55 in November, the consultancy said.
Northern Territory (Inpex Ichthys LNG) had 11 shipments in December for 0.82 Mt, compared to November’s 8 cargoes for 0.60 Mt, EnergyQuest said.
EnergyQuest said Queensland LNG shipments set a new monthly record with December shipments being 34 cargoes for a combined 2.35 Mt.
This compares to 32 cargoes for 2.20 Mt in November, and slightly eclipsing the monthly record set in October 2024 which saw 34 cargoes for 2.33 Mt, it said.