Australian LNG exports drop in April, China volumes near record levels

Australian LNG exports dropped in April following record highs in the month before, according to EnergyQuest.

In April, Australian projects shipped in total 6.9 million tonnes or 99 cargoes, down from record 7.2 million tonnes or 105 cargoes in March, the consultancy said in its monthly report.

Compared to April last year when Australia exported 6.9 million tonnes or 101 cargoes, volumes remained almost flat.

In addition, the consultancy’s data for April shows strong exports to China despite several recent reports saying that Australia’s ongoing trade dispute with China would affect LNG.

Australian projects delivered 43 cargoes to China in April, nearly a record, after delivering 29 in March and 40 in April 2020, the consultancy said.

However, declining production from projects such as Woodside’s North West Shelf could affect Australian exports in the future.

“Lack of gas for LNG projects is a bigger threat to LNG exports than anything China might do,” EnergyQuest said.

In particular, EnergyQuest expects production from the North West Shelf but also some of the Queensland projects to start declining later this decade, it said.

- 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...

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...

Delta plans to start building Bac Lieu LNG-to-power project in 2024

Delta Offshore Energy (DOE) plans to start building its Bac Lieu LNG-to-power project in 2024 following the recent approval...

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...