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Australian LNG exports hit new high in 2018 - EnergyQuest

Gasoil News - Published on Mon, 21 Jan 2019

Image Source: LNG World News
Gas Today reported that according to the latest EnergyQuest report, Australian LNG exports have risen 23% from the previous year. Australian exports reached 69.5 million tonne in 2018, up from 56.5 million tonne in 2017, generating estimated revenue of AUD 43.3 billion. This 67% revenue increase was attributed to higher export volumes and increased oil prices, keeping LNG as Australia’s third largest export in 2018 after coal and iron ore. The substantial increase in export volume was attributed to the start-up of INPEX’s Ichthys project and the continued good performance of the Wheatstone development in Western Australia.

Japan was still the largest importer of Australian LNG, importing 29.8 million tonne in 2018, an 11.8% increase since 2017. China, the second-largest importer, increased imports by 34.9% to 23.5 million tonne.

EnergyQuest expects LNG exports to increase again in 2019 with the start up of Shell’s Prelude project, and the ramping up of Ichthys and Wheatstone to full capacity.

Source :

Posted By : Joykumar Irom on Mon, 21 Jan 2019
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