Aussie LNG export revenue up 20% in January: EnergyQuest
Australian LNG export revenue in January was A$7.2bn ($4.93bn), lower than the A$8.6bn in December but up by 20% on January 2022, energy consultant EnergyQuest said on February 17.
Western Australian projects earned export revenue of A$4.5bn, Queensland projects A$2bn and Northern Territory projects A$0.8bn.
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Australian LNG projects shipped 6.57mn metric tons of LNG in January, down on 7.21mn mt in December. The projects shipped an average of 3.1 cargoes per day, less than the 3.4 per day average in December. Overall, Australia’s January 2023 shipments were 77.3mn mt/yr on an annualised basis.
In January, 30 cargoes were delivered to China after delivering 31 in December and 32 in January 2022, EnergyQuest said. Thirty-seven deliveries were made to Japan in January, after 39 were delivered in December and 46 were delivered in January 2022. Australia delivered 18 cargoes to Korea in January, more than the 16 in December and up on the deliveries of last year when 13 cargoes were delivered.
West Coast shipments were lower at 4.8mn mt in January versus 5.3mn mt in December. A year ago, the west coast shipped 70 cargoes of 4.8mn mt. West coast projects operated at 90% of nameplate capacity during January.
East Coast LNG shipments were down at 1.8mn mt in January compared with 1.9mn mt in December and 2.1mn mt a year ago. The east coast projects operated at 81% of nameplate capacity last month.