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The consultancy estimates that Australian LNG export revenue reached A$4.57 billion ($2.98 billion) last month.
EnergyQuest said this is the second-lowest monthly revenue (September 2025 was A$4.23 billion) since July 2021 when the monthly revenue was $4.31 billion, due to the combination of lower volumes, Brent oil prices and JKM spot prices.
Western Australia projects earned A$2.73 billion in export revenue, Queensland projects earned A$1.56 billion, and Northern Territory projects earned A$0.28 billion.
92 cargoes
Based on shipping data, EnergyQuest estimates that Australia exported 6.26 Mt of LNG in October 2025, totaling 92 cargoes.
The October 2025 result is an increase compared to September 2025, when Australia exported 5.94 Mt and 88 cargoes.
When annualised, October’s exports represent 73.7 Mtpa, equivalent to 86 percent of the total Australian nameplate capacity of 86 Mtpa, the consultancy said.
Combined, the five WA projects (NWS, Pluto, Gorgon, Prelude, and Wheatstone) shipped 54 cargoes totaling 3.74 Mt in October, compared to 58 cargoes for 4.05 Mt in September.
EnergyQuest said the October result also compares to the five projects shipping 53 cargoes for 3.73 Mt in August, shipping 56 cargoes for 3.97 Mt in July, and 48 cargoes for 3.40 Mt in June.
During October, the three Queensland LNG projects shipped 33 cargoes for a combined total of 2.14 Mt compared to shipping 29 cargoes for 1.89 Mt in September.
The October result also compares to the projects shipping 30 cargoes for a combined total of 1.94 Mt during August, shipping 28 cargoes for a combined total of 1.79 Mt during July and 29 cargoes for 1.91 Mt during June, according to EnergyQuest.
The consultancy noted that Ichthys LNG operations in the NT recommenced in early October with the first lifting being on October 9 and the project shipped five cargoes for 0.38 Mt in October.