Australian monthly LNG exports hit record high

Australian LNG exports reached record levels in March on the back of higher deliveries to China, according to EnergyQuest.

In March, Australian projects shipped in total 7.2 million tonnes or 105 cargoes, rising from 6 million tonnes or 88 cargoes in February, the consultancy said in its monthly report.

The new monthly record slightly increased from the previous record of 7.1 million tonnes or 104 cargoes reached in December 2019.

March volumes rose as Australia exported more LNG to China. Australian projects dispatched in total 37 cargoes to the world’s second-largest LNG importer in March, after delivering 29 shipments in February but also in March 2020, the consultancy said.

In addition, west coast shipments increased to 5.3 million tonnes or 76 cargoes in March, while east coast LNG shipments remained steady at 2 million tonnes or 28 cargoes, EnergyQuest said.

Moreover, the east coast LNG plants did not ship any spot cargoes in the month under review, while four spot cargoes departed from the west coast facilities, it said.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Australian LNG export revenue slightly down in April

Australian liquefied natural gas (LNG) export revenue decreased by 0.5 percent year-on-year in April, according to EnergyQuest.

Australian LNG export revenue drops in March

The consultancy estimates that Australian LNG export revenue reached A$5.59 billion ($3.55 billion) last month. EnergyQuest said this was down...

Australian LNG export revenue down in February

Australian liquefied natural gas (LNG) export revenue decreased by 19 percent year-on-year in February, according to EnergyQuest.

Australian LNG export revenue drops in January

Australian liquefied natural gas (LNG) export revenue decreased by 5.9 percent year-on-year in January, according to EnergyQuest.