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.