Gladstone’s LNG exports hold steady in August

Liquefied natural gas (LNG) exports from Australia’s Gladstone port remained consistent during August, with China again accounting for the highest levels of exports, Kallanish Energy reports.

According to shipping data from Gladstone Port Corporation, the port exported a total of 1.66 million tonnes (Mt) of LNG spread over 25 shipments last month.

In July, the port exported a total of 1.67 Mt also spread over 25 cargoes.

The Gladstone port exports LNG from three local liquefaction plants: Shell-operated Queensland Curtis LNG, ConocoPhillips-operated Australia Pacific LNG terminal and Santos’ Gladstone LNG.

China was the destination for the largest volume of LNG shipments during August, accounting for just under three-quarters of all LNG exports during the month, with 1.23 Mt shipped. This represents a 10.5% m-o-m increase in exports to China.

The remaining exports were to Malaysia, South Korea and Japan. Exports to Malaysia rose from 124,880 tonnes in July to 188,194 in August – a 50% m-o-m increase.

Cargoes to Japan also rose significantly during August to reach 134,192 tonnes. This is an increase of 104% from the 65,762 tonnes shipped in July. However, LNG exports to South Korea fell by 49% m-o-m, down from 226,354 tonnes in July to 115,643 tonnes in August.

This post appeared first on Kallanish Energy News.