Business
LNG revenues smashed on price slump – The Australian Financial Review
Australia’s export sales from LNG more than halved in July as LNG prices followed crude oil south, according to estimates from EnergyQuest.
“Lower oil prices are having a significant effect on Australian LNG with extended maintenance, and continued cargo deferrals, lower prices, and asset write-downs.”
Australia’s LNG shipments last month were roughly on a par with June’s at 5.8 million tonnes, according to EnergyQuest. West coast shipments rose marginally despite outages at Chevron’s Gorgon plant and Shell’s Prelude floating plant, but Queensland’s exports slipped, with two fewer cargoes shipped.
But sales slipped from a still-he…
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