Australian LNG exports drop 3% in 2020-21
Australian LNG exports during the 12 months to June 30 (FY 2020-21) came in at 77.2mn metric tons, down 2.9% year/year, energy consultancy EnergyQuest said on July 18.
China overtook Japan as Australia’s top export destination during the year with 29.8mn mt. Australian LNG projects shipped 5.85mn mt of LNG last month, slightly higher than the 5.82mn mt in May.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
While average oil prices in FY 2021 were similar to the previous year, spot LNG prices averaged 57% higher than a year earlier. However, notwithstanding the increase in the JKM and increased Gladstone exports, the average Wallumbilla hub price in FY2021 was A$6.10 ($4.5)/GJ, steady on $6.02/GJ in FY 2020, EnergyQuest said.
EnergyQuest expects FY 2021-22 LNG exports of 80mn mt and a A$17bn increase in LNG export revenue.