Gladstone LNG exports almost flat in June

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland were almost flat in June compared to the same month last year, while volumes to China decreased 22.8 percent, 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.

GPCC’s data shows that about 1.88 million tonnes of LNG or 29 cargoes left the three Gladstone terminals on Curtis Island last month.

This compares to about 1.86 million tonnes of LNG or 28 cargoes in June 2023, the data shows.

June LNG exports were also almost flat compared to the previous month when LNG exports reached some 1.89 million tonnes of LNG or 28 cargoes.

Most of June LNG exports (1.02 million tonnes) landed in China, marking a drop of 22.8 percent compared to 1.32 million tonnes last year.

Other destinations for Gladstone LNG exports in June include South Korea (282,681 tonnes), Singapore (202,819 tonnes), Malaysia (183,515 tonnes), Thailand (123,911 tonnes), and Japan (69,573 tonnes).

Volumes to South Korea rose compared to 222,988 tonnes last year, while volumes to Singapore jumped compared to 71,837 tonnes last year.

Gladstone LNG exports in June to Malaysia increased from 125,836 tonnes last year and LNG exports to Thailand were flat, while there were no exports to Japan in June 2023, GPC’s data shows.

The three Gladstone 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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