Australian LNG revenue dips in January

Australian LNG export revenue dropped 40 percent in January when compared to the year before reflecting the lagged effect of lower oil prices, consultancy EnergyQuest said in a report.

The total value of January LNG exports reached A$2.56 billion ($1.98 billion), the consultancy said in its monthly report. Revenue also decreased compared to December.

To remind, Australian LNG revenue dropped 25 percent last year as the effects related to the Covid-19 pandemic crippled prices, despite record high exports of 78.7 million tonnes.

EnergyQuest said in its January report that Australian projects shipped in total 6.7 million tonnes or 97 cargoes, a rise of 0.2 million tonnes compared to the previous month.

The consultancy attributed the rise to higher production at Woodside’s Pluto plant but also the restart of Shell’s Prelude FLNG.

In addition, West Coast shipments increased to 4.6 Mt in January to 66 cargoes, compared to 4.4 Mt in December and 63 cargoes.

East coast projects shipped 2.068 Mt or 31 cargoes in January, just below the record set in December of 2.186 Mt, the consultancy said.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

Australian LNG export revenue down in August

Australian liquefied natural gas (LNG) export revenue decreased by 13.5 percent year-on-year in August, according to EnergyQuest.

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.