Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Supply

Japan displaces China as top Australian LNG export destination in FY 2022

Editor by Editor
8 months ago
Reading Time: 2 mins read
China-LNG-imports
Share on FacebookShare on TwitterShare on Linkedin

China lost its position as Australia’s top export destination in FY 2022 with 25.0 Mt (38%) of Australian export volume, less than 28.3 Mt (41%) in FY 2021.

RELATED POSTS

Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

2 weeks ago
French-LNG-terminals

Send out by French LNG terminals down due to strike action

3 weeks ago
Natural gas price benchmarks – February

Natural gas price benchmarks – February

4 weeks ago

In the 11 months to May Chinese LNG imports decreased by 4% while imports from Australia fell by 12% to 25.0 Mt from 28.3 Mt in the corresponding period in 2021, with the result that Australia’s market share fell to 38% from 41% a year earlier.

China has been the world’s fastest growing LNG market. However, this came to an abrupt halt in the first half of this year, with imports in April at the lowest level since early 2020 (Figure 1). The fall reflects Covid lockdowns and the slowing of the Chinese economy.

Figure 1 China LNG imports (‘000t)

China-LNG-importsSource: EnergyQuest, Chinese Customs

However, the fall in Australian China deliveries of 3.3 Mt was the largest of any supplier to China and was offset by increased China deliveries from Qatar (+2.3 Mt) and the US (+1.0 Mt).

The biggest fall in Australian exports to China was from Gladstone, which delivered 200 China cargoes in FY 2022, down from 238 cargoes a year before.

Deliveries from the west coast were also down but not as much, from 201 cargoes to 190 cargoes. However, notwithstanding the drop in China cargoes from Gladstone, the east coast more than offset this with increased cargoes to Japan, Korea, Malaysia, Singapore and Thailand.

Japan imports rose to 26.7 Mt (33%) of Australian export volume, up slightly from 26.6 Mt (34%) in FY 2021. Japanese LNG imports decreased by 6% in the 11 months and with steady Australian volumes, Australia’s market share increased from 37% to 40%.

Korea continues to be Australia’s third most popular export destination, importing 11.3 Mt in FY 2022, compared to 8.0 Mt in 2021.

EnergyQuest estimates Australia exported a record 82.6 Mt of LNG in the 12 months to 30 June 2022, well up on the 77.3 Mt in FY 2021, and more than the previous record set in FY 2020 of 79.3 Mt. This is a good result given Prelude was shut-in for over four months of the year, and the depleting field supply at NWS and Darwin.

Australian projects operated at average 93% of nameplate capacity of 88.6 Mtpa. QCLNG, Gorgon, Pluto and Ichthys all operated at over 100% of their nameplate capacity for FY 2022, with Pluto operating at almost 10% above its nameplate capacity.

Western Australian production was up by 9% on FY 2021 to 46.9 Mt and the Northern Territory was up, by 7% to 11.7 Mt.
The east coast had record production in FY 2022 of 24.0 Mt, up 3% from FY 2021.

The three Gladstone projects operated at 92% of nameplate capacity, with 6 months over 2.0 Mt.

Western Australia continues to dominate Australian LNG exports, supplying 57% of national exports, while Queensland produced 29% and the Northern Territory produced 14%. The Gorgon project in Western Australia was the largest contributing project, followed by the North West Shelf.

Gorgon’s production rose almost 45% in FY 2022 due to the restart after shutdowns required to repair cracks in the cooling kettles on all three trains during FY 2021. Prelude had the highest percentage growth, up 92.4% on production volumes from FY 2021 to produce 2.0 Mt in FY 2021. Ongoing safety issues once again saw production halted from Prelude for four months from December 2021.

Massive increase in LNG export revenue for FY 2022

EnergyQuest estimates total FY 2022 export revenue was A$70.18 billion, up 130% on the A$30.48 billion in FY 2021. Export income was driven by higher export volumes and much higher oil prices.
20 July 2022

Source : EnergyQuest

Tags: Australian gasAustralian LNGAustralian LNG exportsChinese LNG importsEnergyQuestGladstone LNGGorgon LNG
Editor

Editor

Related Posts

Europe’s exposure to the global gas market set to rise drastically
Infrastructure

Europe’s exposure to the global gas market set to rise drastically

2 weeks ago
French-LNG-terminals
LNG Projects

Send out by French LNG terminals down due to strike action

3 weeks ago
Natural gas price benchmarks – February
LNG Contracts & Pricing

Natural gas price benchmarks – February

4 weeks ago
Natural Gas Futures April Contract Find Fifth Day Of Gains In Succession
LNG Contracts & Pricing

Natural Gas Futures April Contract Find Fifth Day Of Gains In Succession

4 weeks ago
LNG-exports
LNG Projects

Global LNG exports enter 2023 at new highs

1 month ago
Global gas market tensions ease for now….
LNG Demand

Global gas market tensions ease for now….

1 month ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

LNG-prices

Weekly trend of natural gas and LNG prices – March 20

March 22, 2023
LNG-prices

Weekly trend of natural gas and LNG prices – February 27

March 1, 2023
Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

March 14, 2023

Recent Post

LNG-prices

Weekly trend of natural gas and LNG prices – March 20

March 22, 2023
LNG-prices

Weekly trend of natural gas and LNG prices – March 13

March 16, 2023
Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

March 14, 2023
LNG-prices

Weekly trend of natural gas and LNG prices – March 6

March 8, 2023
LNG-spot

Australian LNG: Government takes over East Coast market?

March 8, 2023
French-LNG-terminals

Send out by French LNG terminals down due to strike action

March 8, 2023

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly trend of natural gas and LNG prices – March 20

Weekly trend of natural gas and LNG prices – March 13

Europe’s exposure to the global gas market set to rise drastically

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?