Gladstone LNG exports drop on lower China demand

LNG exports from the Gladstone port in Australia’s Queensland dropped by 3.5 percent in August due to lower demand in China, according to data by Gladstone Ports Corporation.

Last month, about 1.837 million tonnes of LNG or 29 cargoes left the three Gladstone terminals on Curtis Island.

This compares to 1.904 million tonnes or 29 cargoes in August 2021, the data shows.

Compared to the previous month when LNG exports reached some 1.641 million tonnes of LNG or 28 cargoes, August LNG exports rose by almost 12 percent.

Most of these August LNG exports or 922,050 tonnes landed in China, marking a drop of almost 32 percent when compared to 1.354 million tonnes last year.

The rest of Gladstone LNG exports in August went to South Korea, Japan, Malaysia, and Singapore.

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.

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