Australian LNG exports hit new highs

Australian LNG exports hit a new high of nearly 60 million t in the past year, thanks in large part to the expansion of Chevron’s new projects.

According to an EnergyQuest report, the country’s LNG exports grew by 9.3 million t (18.5 per cent) to 59.7 million t in 2017-2018.

This growth was driven most notably by Chevron’s Gorgon and Wheatstone projects, both situated off the coast of Western Australia, which combined accounted for 7.9 million t of the increase.

About 46 per cent of deliveries were made to Japan, the nation’s biggest LNG customer, with second-placed China recording an increase of 6.5 million t and making up for 34 per cent of exports.

The total export revenue was estimated to have increased 38 per cent from the previous year to $30.8 billion.

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