LNG exports pass $2 billion

The latest EnergyQuest Monthly LNG Report reveals that the LNG export revenue for May is likely to have passed $2 billion.

With contract LNG prices, based on lagged oil prices, continuing to rise, the average Australian LNG export price in April was $8.26/GJ.

However, the report points out that oil prices are falling again and will likely have negative implications for domestic gas prices.

Production

Australian LNG shipments in May jumped to 4.8 MMt (71 cargoes), up from 4.0 MMt (60 cargoes) in April.

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