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LNG exports can’t keep up March high

Data released by the Gladstone Ports Corporation showed 1.78 million t of LNG was exported during April, down 8 per cent from the all-time high in March of 1.93 million t.

LNG shipped to Japan dropped 52 per cent from March to 67,166 t, while Gladstone’s biggest customer, China, was sent 1.29 million t, a 2 per cent drop from the previous month.

Exports to South Korea also fell 25 per cent from March to 169,691 t, while LNG volumes sent to Malaysia rose 34 per cent to 248,114 t.

The Port of Gladstone ships LNG from Queensland’s three major export terminals – Australia Pacific LNG, Gladstone LNG and Queensland Curtis LNG.

The three projects have a yearly capacity of 25.3 million t and the April numbers at an annualised rate would result in yearly exports at more than 2 million t below capacity.

Despite the drop from March, the port’s LNG exports are up 6 per cent compared to this time last year.

For more information visit the Gladstone Ports Corporation website.

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