LNG exports, prices surge to record levels as iron slumps

Original article by Perry Williams, David Rogers
The Australian – Page: 13 & 16 : 7-Sep-21

The price of iron ore has fallen by more than 40 per cent since reaching a record high of $US233 per tonne in May. Federal Resources Minister Keith Pitt says strong growth in the price of both LNG and coal is helping to offset the slump in the price of iron ore. The LNG price in Asia has risen to nearly $US20 a gigajoule, while the price of Newcastle coal recently reached a record high of $US173 a tonne. Queensland’s LNG export projects have ramped up shipments in response to the surge in prices.


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