Aus­tralia takes crown as largest global LNG ex­porter

NA­TION CON­FIRMED AS LARGEST LNG EX­PORTER FOR NOVEM­BER, QATAR OVER­TAKEN

Central Telegraph - - CQ INDUSTRY -

The surge in Aus­tralian ex­ports fol­lows the start up of a num­ber of projects over the past three years, most re­cently the Ichthys off­shore pro­ject.

Con­tribut­ing to the record-mak­ing month was ex­ports from Cur­tis Is­land’s three LNG plants, which shipped its largest amount of LNG for 2019.

Last month 1,923,691 tonnes of LNG left Glad­stone’s port, with 29 car­goes shipped to China, Ja­pan, Korea and Malaysia.

The big­gest cus­tomer of LNG leav­ing the Cur­tis Is­land projects QCLNG, APLNG and GLNG was China, which re­ceived 1,488,447 tonnes.

En­ergy an­a­lyst Dr Graeme Bethune last month an­tic­i­pated Aus­tralia was on the cusp of tak­ing out the global ti­tle for the big­gest ex­porter of LNG.

The En­er­gyQuest an­a­lyst said Ichthys LNG pro­ject would be the ma­jor driver to give Aus­tralia the pre­mier LNG ex­port po­si­tion.

“As Ichthys ramps up pro­duc­tion in com­ing months we ex­pect Aus­tralia’s an­nu­alised pro­duc­tion rate to over­take Qatar’s nom­i­nal ca­pac­ity of 77 Mtpa, mak­ing us the world’s big­gest ex­porter,” Dr Bethune said.

Credit Suisse en­ergy an­a­lyst Saul Kavonic told Reuters, “Qatar, of course, will re­spond and we ex­pect a new wave of projects to be launched which will see Qatar re­gain its po­si­tion as the lead­ing ex­porter by the early 2020s”.

RECORD MONTH: LNG tanker ar­riv­ing in Glad­stone har­bour in Novem­ber. Photo: Mike Richards GLA091108LNGS

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