Australian LNG export revenue falls in September: EnergyQuest
Australian LNG export revenue falls in September: EnergyQuest
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Natural Gas News
Australian LNG export revenue falls in September: EnergyQuest
Summary
The country shipped 6.38mn tonnes of the commodity in September, lower than the 6.85mn tonnes shipped in August. by: Shardul Sharma
Australian LNG export revenue for September was A$5.5bn, down from A$5.85bn ($3.7bn) in August, and 46% year/year, according to energy consultant EnergyQuest's announcement o...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.