Gladstone exports over 20m tonnes of LNG

Port of Gladstone Port of Gladstone has broken its LNG export record. Credit: Gladstone Ports Corporation

LNG exports from Australia’s Port of Gladstone totalled 20.58 million tonnes in 2018, the Queensland Resources Council (QRC) has said.

QRC chief executive Ian Macfarlane said the data released by the government-owned Gladstone Ports Corporation in Queensland showed a new record which eclipsed the previous record set in 2017 (20.23mt).

“Queensland’s LNG sector is forecast to continue its record export growth that is being driven by an energy hungry Asia. China was again the largest customer buying nearly 14.25 mt followed by South Korea at 3.22 mt while Japan imported 1.6 mt,” Mr Macfarlane said.

“The world wants our commodities and over the 12 months Queensland LNG was exported to seven different countries – China, South Korea, Japan, Malaysia (0.88 mt), Singapore (0.47 mt), United Arab Emirates (0.06 mt) and the Philippines (0.06 mt).

“China’s demand for our LNG in 2017 was 57 percent of total exports but last year it was 69 percent. According to the Office of the Chief Economist’s latest report, China plans to increase the share of gas in its energy mix from 7 percent to a range of 8–10 percent by 2020.

“The same report found Australia had become the world’s largest single gas exporter, ahead of Qatar, and is on track for annual exports of 77 million tonnes.

“LNG is likely to play a major role in servicing the rising Chinese gas demand with the country’s LNG imports forecast to reach 53 million tonnes or 73 billion cubic metres in 12 months.

LATEST PRESS RELEASE

Inauguration ceremony of the first cold ironing installation in Eastern Mediterranean at the port of Killini

Eastern Mediterranean achieved reduced environmental footprint at the port of Killini, which on Dece... Read more

New digital technology project that aims to work with North East ports

A NEW programme that aims to pilot smart digital initiatives to boost trade and foster economic grow... Read more

TRELLEBORG TAKES ITS NAVIGATION AND PILOTING OFFERING TO THE MAX

Trelleborg’s marine systems operation has bolstered its industry leading navigation and piloting off... Read more

WARRENPOINT PORT CEASES REVISED DREDGING PROPOSAL

Warrenpoint Port will no longer pursue proposals to change how it deals with dredged material. Read more

View all