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The consultancy estimates Australian LNG export revenue reached A$6.07 billion ($3.92 billion) in October.
EnergyQuest said this was higher than A$5.09 billion in September and higher compared to October 2023, when revenue was A$5.52 billion.
Western Australia projects earned export revenue of A$3.69 billion, Queensland projects brought in A$1.99 billion, and NT projects earned A$0.39 billion.
West coast shipments climb
According to the consultancy, Australia’s October 2024 shipments were 83.4 Mtpa on an annualized basis.
This compares to 81.1 Mtpa for the 2023 calendar year, and 78.5 Mtpa for September 2024.
EnergyQuest said October 2024 shipments represented 94.1 percent of nameplate capacity
The consultancy said west coast (WA and NT) shipments were higher at 4.76 Mt in October, up from 4.46 Mt in September.
There were 67 cargoes in October, compared to 63 in September.
A year ago, the west coast shipped 66 cargoes totaling 4.60 Mt.
West coast projects operated at 89.6 percent of nameplate capacity during October, EnergyQuest said.
Record Gladstone LNG shipments
EnergyQuest said the Gladstone LNG projects typically align their maintenance schedules with the northern hemisphere summer, a period of lower international LNG demand, which coincides with Australia’s high domestic gas demand during winter.
By September, most of the planned maintenance programs had been completed, with major maintenance carried out at GLNG during August, which followed APLNG’s scheduled maintenance in July, and QCLNG’s maintenance in May/June, it said.
As a consequence, the three Gladstone plants experienced increased production and shipping in October than they had during the Australian winter months and achieved a new monthly record of 34 cargoes (previous best was 33 cargoes) along with a total of 2.326 Mt shipped compared to the previous best of 2.227 Mt shipped (33 cargoes) in December 2023.
EnergyQuest said the plants operated at an annualized rate of 27.4 Mtpa in October, equivalent to 104.9 percent of the nameplate capacity (26.1 Mtpa), higher than September’s 92.7 percent.