Australian LNG exports slightly up in June

Australian LNG exports increased slightly in June when compared to the month before, according to EnergyQuest.

In June, Australian projects shipped in total 5.85 million tonnes or 85 cargoes, slightly higher than the 5.82 Mt or 84 cargoes in May, the consultancy said in its monthly report.

Also, these imports were considerably down when compared to record 7.2 million tonnes or 105 cargoes in March.

West Coast LNG shipments increased to 4 million tonnes in June when compared to 3.8 million tonnes in May while East coast shipments decreased to 1.8 million tonnes, the report said.

In addition, JKM spot LNG futures steadily increased during June from $10.98/MMBtu on June 1 for July deliveries to a high for the month of $13.39/MMBtu on June 30 for August deliveries.

China overtakes Japan as Australia’s top LNG export destination

Australia exported 77.2 million tonnes of LNG in the 12 months to June 30, less than the 79.5 million in FY 2020, EnergyQuest said.

Moreover, China overtook Japan as Australia’s top LNG export destination in FY 2021 with 29.8 million tonnes, the consultancy said.

Western Australian LNG production dropped by 5% on FY 2020 to 45.1 million tonnes and the Northern Territory was down by 6% to 8.8 million tonnes.

The east coast had a record production of 23.3 million tonnes, up 4% from FY 2020, it said.

EnergyQuest forecasts FY 2022 LNG exports of 80 million tonnes and a A$17 billion ($12.5 billion) increase in LNG export revenue.

- Advertisements -

Most Popular

Golar buys vessel for third FLNG project

Golar LNG has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert...

BP, PetroChina book capacity at Dutch Gate LNG terminal

BP and a unit of PetroChina have agreed to book long-term capacity at the Dutch Gate LNG import terminal,...

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

More News Like This

EnergyQuest: Australian LNG export revenue down in April

Australian liquefied natural gas (LNG) export revenue dropped 4 percent in April when compared to the same month last...

Gladstone LNG exports drop in 2022

LNG exports from the Gladstone port in Australia’s Queensland dropped by about 3.5 percent in 2022 due to lower...

EnergyQuest: Australian LNG export revenue rose 86 percent in 2022

Australian liquefied natural gas export revenue rose 86 percent year-on-year in 2022 to a new record high due to...

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...