LNG breaks record with $50.5b of exports

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 18 : 16-Jul-19

Data from EnergyQuest shows that LNG was Australia’s third-biggest source of export revenue in 2018-19, after iron ore and coal. LNG exports totalled 75.1 million tonnes by volume, an increase of 21.2 per cent, and about $50.5bn in terms of value. Shipments from Queensland’s three LNG plants increased from 20.5 million tonnes in 2017-18 to 21.8 million tonnes, although new LNG projects in Western Australia and the Northern Territory were the main driver of the growth in exports. The federal government expects LNG export earnings to peak at $54bn in 2019-20.

CORPORATES
ENERGYQUEST PTY LTD, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION, GLOBAL ENERGY MONITOR, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

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