Aussie LNG export revenue hits record in July: EnergyQuest
Australian LNG export revenue increased in July to a record A$6.84bn ($4.8bn), up from A$6.69bn in June and up 59% year/year, energy consultant EnergyQuest said on August 17.
Australian projects last month shipped 6.2mn metric tons of LNG, down on the record 7.31mn mt in June. Overall, Australia’s July shipments were 73mn mt/yr on an annualised basis. Australia exported a record 82.6mn metric tons of LNG in the 12 months to June 30, EnergyQuest said last month.
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In July, 25 cargoes were delivered to China as against 27 in June and 32 in July 2021. Thirty-six deliveries were made to Japan in July, after 37 were delivered in June and 35 delivered in July 2021. Japan has now reestablished itself as Australia’s largest LNG customer.
LNG exports from the Australian west coast dropped to 4.5mn mt in July from a record 5.5mn mt in June. A year ago, the west coast shipped 72 cargoes of 5mn mt. West coast projects operated at 84% of nameplate capacity during July, EnergyQuest said.
East coast LNG shipments decreased to 1.7mn mt in July from 1.8mn mt in June and 1.8mn mt a year ago. The east coast projects operated at 79% of nameplate capacity during July.
There were five spot cargoes reported for shipping from Australian projects in July, all from the west coast. There were five spot cargoes in June.