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…
-
Noosa News23 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland
-
Noosa News21 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
General23 hours agoNo ‘band-aid solution’: sweating coal risky business
-
General23 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash