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Australian LNG exports set to grow

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Hydrocarbon Engineering,

In its latest monthly LNG report for June, EnergyQuest forecasts that Australia’s LNG exports will grow 22.6% in the current 2017 – 2018 financial year.

Australia exported a total of 51.4 million t in the 2016 – 2017 financial year. EnergyQuest expects this volume to be outperformed in the current new financial year, growing to 63 million t by 30 June 2018.

EnergyQuest CEO, Dr Graeme Bethune, said: “Over FY17, production increased from almost every Australian LNG project and both Western Australia and Queensland boosted their State outputs to higher levels […] The exceptions were Darwin LNG (down 0.9 million t) and QCLNG (down 0.7 million t) compared to their previous 12 months performance.

“With rising Australian LNG export volumes, we are seeing the sector’s total export revenue increasing quickly, including record monthly levels towards year’s close.”

Australia’s LNG export output is set to rise in the coming months with Gorgon shipments now accelerating, the Wheatstone plant to commence LNG production next month with first exports in September this year, and Darwin’s Ichthys project due to commence production in 2018.

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