Australia LNG exports to drop by $17 billion for 2020-21

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By Bojan Lepic Australia’s Department of Industry, Science, Energy, and Resources stated in its Resources and Energy Quarterly that the country’s LNG shipments dropped by 12 per cent year-on-year and noted the pressure on the country’s LNG export volumes in recent months.

The wave of
LNG investment in Australia saw over $200 billion invested in seven new LNG projects,
which all began operating between 2014 and 2019. The ramp-up of these projects
saw Australia’s annual LNG nameplate capacity reach 88 million tonnes.

However, the
report claimed that Australia’s LNG shipments between June and August were 12
per cent lower year-on-year. As a result, Australia’s average capacity utilisation
rate is expected to

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