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Record shipments to China drive Australia’s LNG exports to second highest ever in November - Gladstone

Gasoil News - Published on Mon, 10 Dec 2018

Image Source: Gladstone Observer
Platts reported that exports of LNG from Australia’s east coast in November were the second highest since shipments began at the beginning of 2015 as volumes to China set an all-time record, data from the Gladstone Ports Corporation showed. A total of 1.92 million tonnes of the fuel was shipped during the month from the Port of Gladstone which is home to all three of eastern Australia’s LNG export terminals, showing an increase of 13% year on year from 1.70 million million tonnes and 10% above 1.76 million million tonnes in October. The port set its highest monthly total in December last year with 1.99 million million tonnes, the data showed. The November volumes translates to an annualized rate of 23.40 million million tonnes against the terminals’ nameplate capacity of 25.3 million million tonnes per year. For January-November, they have shipped 18.81 million million tonnes, an annualized rate of 20.55 million million tonnes.

Gladstone, which is in the Australian state of Queensland, is home to the Origin-ConocoPhillips Australia Pacific LNG, the Santos-led Gladstone LNG and Shell’s Queensland Curtis LNG. Each facility has two trains with the first of the lot having come online in January 2015 and the last in October 2016. Energy consultancy EnergyQuest said Wednesday that capacity utilization has increased throughout the year at the three Queensland projects – rising from 77% in April-June to 83% in July-September.

EnergyQuest CEO Dr Graeme Bethune said that “QCLNG and APLNG are managing to almost fill their LNG trains, while GLNG’s capacity utilization is still only around 60%.”

Meanwhile, Gladstone’s LNG export to China were at the record-breaking high of 1.49 million tonnes, up 30% year on year from 1.14 million tonnes and 13% higher month on month from 1.32 million tonnes. The previous record was set in December last year when 1.35 million tonnes was exported

Dr Bethune said that “Chinese gas demand is growing rapidly as the Chinese government works to reduce some of the world’s worst urban air pollution,” adding that in the July-September China’s total LNG imports reached a record of 13.2 million tonnes, of which Australia supplied about 47%.”

Source :

Posted By : Joykumar Irom on Mon, 10 Dec 2018
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