Australia: LNG export earnings forecast to dip

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By Adnan Bajic Australia’s LNG capacity expansion is nearing its end and although the country has taken over the LNG exporter top spot in 2019-20, the earnings are expected to dip.

Courtesy of Woodside

In its Resources and Energy Quarterly report, Australia’s Department of Industry, Science, Energy and Resources, noted that the latest wave of LNG investment in Australia saw over US$200 billion invested in seven new LNG projects, commissioned between 2009 and 2012.

The ramp-up of these projects has seen Australia’s annual LNG nameplate capacity reach 88 million tonnes in 2019, and LNG export volumes reach 77 million tonnes worth $49 billion. This has

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