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

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

Seapeak says working on charter and other opportunities for six LNG carriers

Stonepeak's Seapeak is pursuing various opportunities relating to six of its liquefied natural gas (LNG) carriers which are scheduled...

More News Like This

Gladstone LNG exports slightly up in 2023

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland rose 1.4 percent in 2023 compared to...

EnergyQuest: Australian LNG export revenue drops in June

Australian liquefied natural gas (LNG) export revenue dropped by 24 percent in June when compared to the same month...

EnergyQuest: Australian LNG export revenue down in April

Australian liquefied natural gas (LNG) export revenue dropped by4 percent in April when compared to the same month...

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...