07-09-2016

LNG exports from Australian Gladstone port hit all-time high of 1.51 mil mt in Aug

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LNG exports from Australia’s Gladstone Port in Queensland edged up 5% from July to an all-time high of 1.51 million mt in August, data from the Gladstone Ports Corporation showed Tuesday.

This is the first time in record that LNG exports from the port, which is home to three LNG wharves — Australia Pacific LNG, Gladstone LNG and Queensland Curtis LNG — has breached the 1.50 million mt mark, GPC said.

Exports were between 1.43 million-1.50 million mt since May when Santos announced its GLNG Train 2 had started production. Over January-April, LNG exports from Gladstone had averaged at 1.24 million mt/month, data showed.

Shipments to the port’s biggest export destination, China, were stable compared to July, the data showed.

Volumes shipped to China in August edged up to 667,957 million mt, from 663,878 million mt in July, after having surged to 922,754 million mt in June, the data showed.

South Korea, which has been the second biggest receiver of Gladstone LNG in 2016 with a year-to-date average of 229,573 million mt/month, saw volumes rise 6% month on month to 182,963 million mt in August, but its volumes continued to lag behind the January-March average of 333,796 million mt/month. Exports to South Korea fell below 200 million mt/month in April and have not gone above that since.

VOLUMES TO JAPAN PLUNGE

The third biggest export destination for LNG exports from Gladstone port in 2016, Japan, saw volumes plunge 51% month on month in August to 132,447 million mt — below the year-to-date average of 165,857 million mt, GPC said. The fall in exports to Japan was partially offset by increases in shipments to both India and Malaysia.

India didn’t receive any LNG from Gladstone port in July, and exports stepped up to 66,931 million mt in August, but remained below the year-to-date average of 74,108 million mt/month.

Exports to Malaysia doubled month on month, rising from 62,556 million mt in July to 125,844 million mt in August, and surged above the year-to-date average of 46,780 million mt, the figures showed.

August was just the fourth month this year that Malaysia was sent shipments from Gladstone port.

Singapore, the fourth largest destinations for Gladstone LNG, also saw exports rise from July by 24% to 334,342 million mt, which is more than double its year-to-date average of 160,188 million mt/month.

The total 1.51 million mt of LNG supplied from the Gladstone port in August was shipped via 23 tankers, GPC said.

Since the start-up of GLNG Train 2, Gladstone has loaded 22-23 tankers each month and prior to that it was averaging 19 vessels/month from January to April.

Source: Platts 

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