Monthly revenue from LNG exports reached its low in September with A$1.8 billion. According to the latest Australian Bureau of Statistics (ABS) figures, the total value of 2020 LNG exports was A$36.2 billion, down 25.5 percent from A$48.6 billion in 2019. LNG export revenues in 2020 were probably about $36.1 billion, down more than a third from $48.7 billion in 2019, according to EnergyQuest. The three Gladstone projects operated at record levels for the last three months of 2020, with two months greater than 100% nameplate capacity. High gas prices in the 2000s prompted Australia’s LNG export capacity increased from 2.6 billion cubic feet per day (Bcf/d) in 2011 to more than 11.4 Bcf/d in 2019. The 360% expansion of LNG production accompanies a likely 460% growth in the industry’s domestic greenhouse gas emissions. Western Australia continued to dominate Australian LNG, supplying 56% of national exports, while Queensland produced 29% and the Northern Territory 15%. Australian energy consultancy EnergyQuest expects the country’s LNG exports to jump after a strong performance in December. (Click to enlarge) Harold Hamm, Chairman of Continental Resources (ticker: CLR) sees attractive long-term growth prospects in global gas demand, the Financial Times reported in … Courtesy of Chevron Australia. Monthly revenue from LNG exports reached its low in September with A$1.8 billion. Australia’s net IIP liability position was $947.2b at 31 December 2020, an increase from last year's figure of $934.4b. For more information on the TRIEC classification refer to the TRIEC webpage. The results are better than the same period last year when EnergyQuest reported 77.5 million tonnes of LNG exports. Australia’s LNG export volumes are forecast to fall to 78 million tonnes in 2020-21 due to technical issues at the Prelude and Gorgon LNG plants. 2020 year in review highlights. Australia’s DIIS forecasts that Australian LNG exports will grow to 10.8 Bcf/d by 2020–21 once the recently commissioned Wheatstone, Ichthys, and Prelude floating LNG (FLNG) projects ramp up to full production. Australia exported 78 million tonnes of LNG in December 2020. Since 2014 Australia’s LNG industry has undergone a huge boom in investment and growth in exports. Liquefied natural gas (LNG) and metallurgical coal are also expected to drive this performance as Australia’s second, and third-biggest export earners in 2019–20. Australian LNG exports have shown the first signs of being impacted by COVID-19 after shipments decreased in May. Western Australia Liquefied Natural Gas Profile March 2020 WESTERN AUSTRALIA’S COMPETITIVENESS Western Australia’s LNG export capacity Western Australia has an established and reliable LNG export industry. Australian LNG export prices are expected to decline in 2020, before gradually rising then falling again, tracking oil price-linked contract prices (at which most Australian LNG is sold). Commodity Natural Gas; Sydney — Australia has cut forecasts for the country’s LNG exports for 2020-2021 (July-June) by some 6% to 75.6 million mt, citing the expected impacts of both the COVID-19 pandemic and domestic technical issues. Australian investment abroad rose $84.3b to $3,043.7b. Australian LNG Exports by Destination* Projections * Assumes exports at nameplate capacity for APLNG, GLNG, QCLNG and Gorgon by 2016; Wheatstone, Ichthys and Prelude by 2020 ** Other comprises volumes committed to portfolio LNG and any residual uncontracted volumes Sources: Bloomberg; International Group of Liquefied Natural Gas Importers EnergyQuest has just released its Australian LNG Monthly for November 2020. Export data is also split between total exports and Australian produced exports (Australia level only). If realized, the forecast for the current fiscal would see volumes fall by 3.7 million mt year on year. Qatar has been the world’s largest LNG exporter since 2006. November was a strong month for Australian LNG exports, with 6.9 million tonnes (Mt) shipped, the highest since April this year. LNG Monthly Published February 2020 ... FTAs that require national treatment for trade in natural gas with Australia, Bahrain, Canada, Chile, Colombia, ... authorization-import-andor-export-natural-gas-and-lng Totals may not equal sum of components because of independent rounding. According to the latest EnergyQuest report, total shipments dropped by seven cargoes in May compared with April, leading to a monthly total of 6.4 million t, or 93 cargoes, of LNG. Western Australia continued to dominate Australian LNG, supplying 56% of national exports, while Queensland produced 29% and the Northern Territory 15%. The world’s largest exporter of liquefied natural gas (LNG) in 2019 was Qatar, with an export volume of 107.1 billion cubic meters. The results are better than the same period last year when EnergyQuest reported 77.5 million tonnes of LNG exports. Japan was WA's second-biggest export market, though the value of total exports to Japan slipped slightly to $22.5 billion compared to the $24.1 billion the year before. The 360% expansion of LNG production accompanies a likely 460% growth in the industry’s domestic greenhouse gas emissions. LNG is natural gas … According to the latest Australian Bureau of Statistics (ABS) figures, the total value of 2020 LNG exports was A$36.2 billion, down 25.5 percent from A$48.6 billion in 2019. Asian LNG spot prices are forecast to recover from current record lows as the market rebalances, before declining as a new wave of LNG projects ramp up. On the Gorgon project alone, Chevron and its partners have spent more than $40 billion on Australian goods … Courtesy of Woodside. The three Gladstone projects operated at record levels for the last three months of 2020, with two months greater than 100% nameplate capacity. Chinese imports of Australia … Australia achieved an export record of 78Mt of LNG in 2020 (up from 77.5Mt in 2019), despite the impacts of COVID-19; Australian projects operated at 89 per cent of operation nameplate capacity of 87.8Mtpa; Australia’s top export destination was Japan again Australian energy consultancy EnergyQuest expects the country’s LNG exports to jump after a strong performance in December. Australia now rivals Qatar as the world’s largest exporter of LNG. Courtesy of Woodside. China was Australia's biggest LNG … Western Australia accounted for 12% of global LNG exports and 59% of Australia’s LNG exports in 2019. Australian LNG exports for the year to November are running 1.2 Mt ahead of the same period the previous year, with EnergyQuest saying in its November report that it expects total LNG exports for the year could reach a new record of 78Mt, up on 77.5Mt exported in 2019. Australia exported 78 million tonnes of LNG in December 2020. In a similar trend to the Australian LNG exports, both world production and consumption of gas is expected to dip in 2020 to 3,917 billion cubic meters and 3,893 billion cubic meters, respectively. Yearly time series data is available from 1989–90 to 2019-20. The country's move to close schools amid the coronavirus outbreak has sounded alarm bells about its gas demand and LNG … Transport remained the largest user of energy and grew by 2 per cent in 2018–19. Royal Dutch Shell Plc agreed to sell a minority stake at a liquefied natural gas export project in Australia to Global Infrastructure Partners for $2.5 billion. (A$305 billion1) wave of liquefied natural gas (LNG) mega-projects which set the country on course to become the world’s top LNG exporter. The United States accounted for 10% of global LNG exports … Total refined product use rose by 1 per cent in 2018–19, and was Courtesy of Chevron Australia. One of […] The State’s first LNG project, the North West Shelf, marked 30 years of LNG exports in 2019. LNG export value is … Australia supplied China with nearly half of its liquid natural gas (LNG) in 2018-2019, more than any other nation. Annual time series data is available from 1990 to 2020. Foreign investment in Australia rose $97.1b to $3,990.9b. Through this sustained investment, Australia’s gas production has grown by over 140% in the decade 2010–2020 and liquids production has returned to over The Australian Petroleum Statistics is a monthly publication of national and state statistical information on sales of petroleum products, exports and imports of petroleum products and crude oil, production of crude oil and condensate, refinery input and output, and stocks of petroleum products. Australia has overtaken Qatar to become the world's top exporter of liquefied natural gas, shipping 77.5 million tonnes in 2019 with an export value of … Given that additional Cameron, Freeport, and Elba Island LNG trains are tipped to add to 2020 volumes, alongside cargo dispatches from Sabine Pass and Cove Point export … This was despite supply disruptions from Gorgon, Australia’s second-largest project, and delays to the start-up of the Prelude floating LNG project. The decade-long development of Australia’s globally significant LNG industry has presented a raft of success stories, issues, and challenges that have tested the best local and global players. Companies Sinopec, PetroChina and CNOOC purchased over 35% of LNG exports from Australia. Liquefied natural gas (LNG) shipments from Australia are on course to hit a record 78 million tonnes in 2020, up from 77.5 million tonnes in 2019. LNG exports give the Australian economy a boost. Australian LNG exports for the year to November are running 1.2 Mt ahead of the same period the previous year, with EnergyQuest saying in its November report that it expects total LNG exports for the year could reach a new record of 78Mt, up on 77.5Mt exported in 2019. Exports are then forecast to recover to 81 million tonnes in 2021–22, and remain around these levels out to 2025–26. Qatar is the largest global LNG exporter, accounting for 22% of global LNG exports in 2019. Since 2014 Australia’s LNG industry has undergone a huge boom in investment and growth in exports. 249.5 Bcf of exports in January 2020 ... FTAs that require national treatment for trade in natural gas with Australia, Bahrain, Canada, Chile, Colombia, ... authorization-import-andor-export-natural-gas-and-lng Totals may not equal sum of components because of independent rounding. Table 1.1: 2020 Australian Energy Statistics tables 5 Table 2.1: Australian population, GDP and energy consumption 7 ... electricity consumption to support liquefied natural gas (LNG) exports. Australia’s LNG exports to Japan show a fall in February Japan took delivery of only 31 cargoes last month, down from 40 in the same month last year. Australian liquefied natural gas (LNG) exports in April continued apace, despite the global surplus of LNG and a slowdown in economic activity as a … Queensland has three of the major LNG exports based at Gladstone’s Curtis Island. That's down from production of 4,047 billion cubic meters and consumption of 4,048 billion cubic meters in 2019, respectively. Australian LNG export prices are expected to decline in 2020, before gradually rising then falling again, tracking oil price-linked contract prices (at which most Australian LNG is sold). According to Wood Mackenzie, Australia's iron ore and LNG exports to China are up 8% and 9% year-to-date respectively, compared to a year ago. LNG exports give the Australian economy a boost. November was a strong month for Australian LNG exports, with 6.9 million tonnes of cargo departing by ship last month, and the highest since April. Australia now rivals Qatar as the world’s largest exporter of LNG. On the Gorgon project alone, Chevron and its partners have spent more than $40 billion on Australian goods …

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