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2017-07-21 09:00:00

AUSTRALIAN LNG UP

AUSTRALIAN LNG UP

AUSTRALIAN LNG PROJECTS 2012 - 2020

 

PLATTS - Australia's LNG exports in fiscal 2017-2018 (July-June) will be 63 million mt, after it crossed, for the first time, 50 million mt in fiscal 2016-2017, energy consultancy EnergyQuest said in its forecast on Wednesday.

The consultancy's export forecast of 63 million mt for the current fiscal falls marginally below the Australian government's forecast of 63.8 million mt, which it lowered from 67.6 million mt earlier this month.

Australia shipped a total of 51.4 million mt of LNG last fiscal, with increase in production from almost every Australian LNG project, EnergyQuest said.

"The exceptions were Darwin LNG, which was down by 0.9 million mt, and QCLNG, down by 0.7 million mt, compared to their previous 12 months' performances," EnergyQuest CEO Graeme Bethune said.

In June, Western Australia-based Pluto LNG, Darwin LNG, and Queensland's Australia Pacific LNG all produced above their nameplate capacities, EnergyQuest said.

The consultancy said that Australia's LNG exports will increase in the coming months, with Gorgon shipments out of WA now accelerating, WA's Whetstone plant set to commence LNG production next month, with first exports in September this year, and Darwin's Ichthys project due to commence production in 2018.

A delay in Inpex's Ichthys start-up from late 2017 to March 2018 was highlighted by the government's department of industry, innovation and science as a reason for it lowering its forecast by 3.8 million mt in its resources and energy report for the June-quarter released this month.

EnergyQuest said that on the international sales front, Japan, China and South Korea continue to be the dominant destinations for Australian LNG exports, together constituting 91% of the country's June exports.

"Australia continues to be the largest LNG supplier to Japan and China, and the second-largest to [South] Korea, after Qatar," it said.

"For May, Australia supplied 44% of Chinese LNG imports, 31% of Japanese imports and 21% of [South] Korean imports," the consultancy added.

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Earlier: 

AUSTRALIA - CHINA LNG UP 

AUSTRALIAN LNG CONTROL 

AUSTRALIAN LNG INFLATION 

AUSTRALIAN LNG: 25 MLN MT 

AUSTRALIAN LNG UP TO 2% 

LNG: BIG AUSTRALIA 

AUSTRALIAN LNG: $400 BLN DOWN

 

Tags: AUSTRALIA, LNG, GAS

Chronicle:

AUSTRALIAN LNG UP
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

AUSTRALIAN LNG UP
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

AUSTRALIAN LNG UP
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

AUSTRALIAN LNG UP
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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