Gladstone LNG exports rise in February

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland increased in February compared to the same month last year, according to the monthly data by Gladstone Ports Corporation.

Curtis Island is home to the Santos-operated GLNG plant, the ConocoPhillips-led APLNG terminal, and Shell’s QCLNG facility. These are the only LNG export facilities on Australia’s east coast.

Last month, about 1.98 million tonnes of LNG or 30 cargoes left the three Gladstone terminals on Curtis Island.

This compares to about 1.86 million tonnes of LNG or 29 cargoes in February 2023, the data shows.

February LNG exports rose some 6.6 percent year-on-year and they were almost flat compared to the previous month when LNG exports reached some 2 million tonnes of LNG or 30 cargoes.

Moreover, most of February LNG exports (984,025 tonnes) landed in China, marking a rise of 19.6 percent compared to 822,914 tonnes last year.

Volumes to Malaysia rose to 306,224 tonnes from 182,198 tonnes last year, while volumes to South Korea decreased to 304,862 tonnes last month from 407,772 tonnes last year.

GPC also reported that 275,217 tonnes of LNG were sent to Japan in February, down from 343,032 tonnes in the same month in 2023, while 60,720 tonnes were sent to the Philippines and 53,881 were sent to Singapore in February.

The three terminals shipped about 22.97 million tonnes of LNG or 350 cargoes in 2023.

This compares to about 22.64 million tonnes of LNG or 354 cargoes in 2022.

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