Australian LNG export revenue hits new record in October

Australian liquefied natural gas (LNG) export revenue rose 82 percent year-on-year in October to a new record high, according to EnergyQuest.

The consultancy said in its monthly report it estimates that Australian LNG export revenue reached A$10.6 billion ($7.2 billion), up from record A$10.2 billion in September.

Western Australian projects earned export revenue of A$6.4 billion, Queensland projects A$2.9 billion, and Northern Territory projects A$1.3 billion, it said.

Moreover, Australian projects shipped over 7 million tonnes again in October, shipping 7.13 million tonnes or 104 cargoes, down marginally on 7.21 Mt or 104 cargoes in September, EnergyQuest said.

In October last year, Australian projects shipped 7.23 Mt or 105 cargoes.

Three more LNG cargoes to North Asia

Compared with September, Australian projects delivered three more LNG cargoes to North Asia (China, Korea and Japan) in October, the consultancy said.

There were no cargoes delivered to Europe, it said.

West Coast shipments remained steady at 5.2 Mt in October compared to 5.2 Mt in September, with 75 cargoes in October compared to 74 in September.

Also, East Coast shipments remained steady at 2 Mt in October compared to 2 Mt in September, with 29 cargoes compared to 30 in September, EnergyQuest said.

Most Popular

YPF CEO expects FIDs on FLNG projects with Eni, Shell in 2026

YPF CEO Horacio Marin confirmed on Wednesday that the state-owned oil and gas company and its partners Eni and Shell expect to take final investment decisions on two stages of the Argentina LNG project in 2026.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

Glenfarne’s Texas LNG, Gunvor finalize 20-year LNG supply deal

Glenfarne’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville, has signed a 20-year sales and purchase deal with a unit of Geneva-based trader Gunvor.

More News Like This

Australian LNG export revenue drops in July

Australian liquefied natural gas (LNG) export revenue decreased by 1.5 percent year-on-year in July, according to EnergyQuest.

Australian LNG export revenue down in June

Australian liquefied natural gas (LNG) export revenue decreased by 1.3 percent year-on-year in June, according to EnergyQuest.

Australian LNG export revenue down in May

Australian liquefied natural gas (LNG) export revenue decreased by 6.2 percent year-on-year in May, according to EnergyQuest.

Australian LNG export revenue slightly down in April

Australian liquefied natural gas (LNG) export revenue decreased by 0.5 percent year-on-year in April, according to EnergyQuest.