Australian LNG export revenue up in June

Australian liquefied natural gas (LNG) export revenue rose by 5 percent year-on-year in June, according to EnergyQuest.

The consultancy said in its monthly report it estimates that Australian LNG export revenue reached A$5.66 billion ($3.81 billion) in June.

This is more than the A$5.47 billion in May this year and A$5.40 billion in June 2023, it said.

Western Australia projects earned export revenue of A$3.38 billion, Queensland projects brought in A$1.66 billion, and Northern Territory projects earned A$0.62 billion.

Overall, Australia’s June 2024 shipments were 81.5 Mtpa on an annualized basis, compared to 81.1 Mtpa for the calendar year 2023 and 75.3 Mtpa for May 2024, EnergyQuest said.

June 2024 shipments represented 92 percent of nameplate capacity, it said.

Moreover, EnergyQuest said Australia shipped 81.7 Mt of LNG during the financial year 2023-24, bringing in total revenue of A$69.5 billion.

This compares to the previous financial year when Australian shipments were marginally lower in volume terms (81.9 Mt for 2022-23), but significantly lower in monetary terms, being 25 percent less than the total revenue of $92.2 billion in 2022-23, during a year of elevated international prices, the consultancy said.

However, the results for financial year 2023-24 compare very favorably with those of the 2021-22 financial year, when total shipments were 82.5 Mt, and total revenue was A$70.6 billion, it said.

Most Popular

Indonesia’s Sillo Maritime buys LNG carrier for $65 million

Indonesia's Sillo Maritime has purchased a 2009-built liquefied natural gas (LNG) carrier for $65 million.

Ksi Lisims LNG inks deals with First Nations

Canada's Ksi Lisims LNG, the developer of a 12 mtpa LNG project in British Columbia, has signed benefits agreements with three First Nations.

Asyad Shipping and MOL sell steam LNG carrier

Oman's Asyad Shipping and Japan's MOL have sold their jointly-owned 2001-built steam liquefied natural gas carrier, Sohar LNG.

More News Like This

Australian LNG export revenue up in March

Australian liquefied natural gas (LNG) export revenue and shipments in March rose compared to the previous month, according to EnergyQuest.

Australian LNG export revenue drops in February

Australian liquefied natural gas (LNG) export revenue in February decreased 18.2 percent compared to the previous month, according to EnergyQuest.

Australian LNG export revenue down in October

Australian liquefied natural gas (LNG) export revenue in October decreased 18.3 percent year-on-year, according to EnergyQuest.

Australian LNG export revenue dips in September

Australian liquefied natural gas (LNG) export revenue in September was the lowest since June 2021 due to the combination of lower volumes, Brent oil prices, and JKM spot prices, according to EnergyQuest.