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Australia’s LNG exports have remained steady for the month of October with world pressures contributing to a brand new document of $10.6 billion in export income based on a brand new report from vitality advisory agency EnergyQuest.
LNG exports income recorded a $400,000 enhance in October up from the earlier document of $10.2 billion set in September based on EnergyQuest’s Australian LNG Month-to-month report for October 2022.
The brand new document displays the skyrocketing value of worldwide LNG shipments, income for which has elevated by 82 per cent since this time final yr.
Western Australian initiatives earned export income of $6.4 billion, Queensland initiatives $2.9 billion and Northern Territory initiatives $1.3 billion.
Statistical findings from the report embrace proof that:
- West Coast shipments remained regular at 5.2Mt in October (5.2Mt in September), with 75 cargoes in October in comparison with 74 in September
- East Coast shipments remained regular at 2Mt in October (2Mt in September), with 29 cargoes in comparison with 30 in September
- CSG manufacturing from fields operated by the LNG producers was 113.7PJ in October, larger than 112.5PJ in September however 1.1PJ beneath exports together with gasoline fuel
- East coast electrical energy demand elevated by 2 per cent in October in contrast with a yr earlier
- Energy technology in October from coal decreased month on month, with technology down by 53GWh from a yr earlier, and down in September
- The coal share of Nationwide Electrical energy Market (NEM) technology fell to 59 per cent, down from 60 per cent a yr earlier. Fuel’s general share of the market elevated barely to 4.6 per cent from 4.2 per cent a yr earlier.
For extra data and experiences into Australia’s home and export vitality markets, go to the EnergyQuest web site, right here.
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