SYDNEY: Exports of LNG from Gladstone port in the Australian state of Queensland are expected to rise by 30% year on year in fiscal 2016-17 (July-June) to 15.80 million mt, the Gladstone Ports Corporation said on Tuesday.
The port — which is home to the Santos-led Gladstone LNG, the Origin and ConocoPhillips Australia Pacific LNG joint venture, and BG Group’s Queensland Curtis LNG — saw LNG exports of 12.20 million mt in fiscal 2015-16, up from 1.60 million mt the year prior, GPC said. QCLNG began exporting in January 2015, and GLNG and APLNG commenced exports in September 2015 and January 2016, respectively. “The LNG trade is forecast to grow significantly in 2016-17 with all LNG proponents ramping up their exports as additional trains come on line,” GPC said. The 12.20 million mt of LNG exported from Gladstone in fiscal 2016 was made up of 7.97 million mt from QCLNG, 1.77 million mt from APLNG, and 2.41 million mt from GLNG, GPC said.
The lion’s share of LNG exported from the Port of Gladstone has been sent to China. From January to August, 4.65 million mt of LNG was sent to China from Gladstone, with South Korea and Japan the second and third largest recipients of the fuel with 1.84 million mt and 1.33 million mt during the period, respectively, data collected from GPC showed. India, Malaysia, Singapore, Kuwait, Argentina, Egypt, Jordan, Mexico, Pakistan and the UAE, have also been sent LNG from Gladstone, according to the data.
