Record LNG exports, but prices falling

Original article by Paul Garvey
The Australian – Page: 13 : 9-Jan-19

The Gladstone LNG, Australia Pacific LNG and Queensland Curtis LNG projects’ export volumes rose to a record 5.4 million tonnes during the December quarter. Queensland Resources Council CEO Ian Macfarlane says the oil and gas industry contributed $8.2bn to the economy in 2017-18. Meanwhile, Saul Kavonic of Credit Suisse says declining gas production in Bass Strait has been the key contributor to rising gas prices on the east coast, and that prices would have risen much more if the three Queensland LNG projects did not sell gas into the domestic market.

CORPORATES
GLADSTONE LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, QUEENSLAND CURTIS LNG PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, CONOCOPHILLIPS, ROYAL DUTCH SHELL PLC, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD, WOOD MACKENZIE

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