WA’s LNG sites take ex­port gold

Cur­tis Is­land over­taken as heavy­weight

The Observer - - NEWS - Te­gan An­nett te­gan.an­nett@glad­sto­neob­server.com.au

WEST­ERN Aus­tralia has over­taken Cur­tis Is­land as the heavy­weight for liq­ue­fied nat­u­ral gas ex­ports af­ter the com­ple­tion of the Gor­gon and Wheat­stone projects.

En­er­gyQuest’s Jan­u­ary LNG mar­ket re­port es­ti­mated ex­port rev­enue jumped 8 per cent last month to $2.7 bil­lion, with $2 bil­lion flood­ing in from WA.

Last month 128,508 tonnes of LNG left Glad­stone’s port, bring­ing in an es­ti­mated $0.6 bil­lion of rev­enue.

En­er­gyQuest chief ex­ec­u­tive Graeme Bethune said ex­ports from Glad­stone dropped by four car­goes in Jan­u­ary com­pared to De­cem­ber.

The APLNG project, pic­tured, shipped three fewer car­goes, QCLNG shipped two fewer and GLNG shipped one more.

The bil­lion-dol­lar in­dus­try was fur­ther boosted by Ja­pan’s in­creased spot cargo price, which rose to its high­est level in three years last month.

Cur­tis Is­land

LNG exporters reaped the re­wards of the boom­ing price, ship­ping 128,508 tonnes of LNG to Ja­pan in Jan­u­ary.

“Ja­panese im­ports of LNG

Ja­panese im­ports of LNG hit their high­est in at least five years in Jan­u­ary...

— En­er­gyQuest chief ex­ec­u­tive Graeme Bethune

hit their high­est in at least five years in Jan­u­ary, with ship­ments ex­pected to con­tinue to be high due to con­tin­ued freez­ing weather,” Mr Bethune said.

“Higher oil prices are feed­ing through into higher LNG con­tract prices but also make it dif­fi­cult for east coast do­mes­tic buy­ers to com­pete with ex­ports.”

Ex­ports from GLNG, APLNG and QCLNG dropped to 1.8 mil­lion tonnes in Jan­u­ary from 2 mil­lion tonnes in De­cem­ber.

The west coast LNG projects shipped 3.9 mil­lion tonnes last month, in­clud­ing 20 car­goes from Gor­gon which had a “good month”.

Ex­ports from over the ditch are likely to strengthen fur­ther this year, with Chevron’s Wheat­stone project, near Onslow in West­ern Aus­tralia, ex­pected to kick off its sec­ond train in the sec­ond quar­ter of this year.

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