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.

- Advertisements -

Most Popular

LNG freight rates continue to drop in both basins

Spot charter rates for the global LNG carrier fleet are continuing to drop in both basins as vessel availability...

Germany’s Wilhelmshaven FSRU terminal gets another US LNG cargo

Germany’s first FSRU-based import facility in Wilhelmshaven has received another liquefied natural gas (LNG) cargo from the US, according...

Freeport LNG gets FERC approval to begin restart of Texas plant

Freeport LNG, the operator of the three-train 15 mtpa liquefaction plant in Texas, has secured approval from US FERC...

More News Like This

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...

Australia inks domestic gas deal with Gladstone LNG exporters

Australia has signed a new heads of agreement with the Gladstone LNG exporters to prevent a gas supply shortfall...