Gladstone LNG exports climb in March

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland rose 4.5 percent year-on-year in March, according to the monthly data by Gladstone Ports Corporation.

Curtis Island hosts the Santos-operated GLNG plant, the ConocoPhillips-led APLNG terminal, and Shell’s QCLNG facility.

These are the only LNG export facilities on Australia’s east coast.

About 2.17 million tonnes of LNG or 34 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows.

This compares to about 2.07 million tonnes of LNG or 31 cargoes in March 2024.

March LNG exports also increased compared to 1.80 million tonnes of LNG or 29 cargoes in February this year.

China volumes down, South Korea volumes up

Most of last month’s LNG exports (1.21 million tonnes) landed in China, a 15.9 percent decrease from the previous year.

On the other hand, Gladstone LNG exports to South Korea rose to 527,868 tonnes from 176,594 tonnes in March 2024, while Malaysian volumes decreased to 116,598 tonnes from 245,757 tonnes in March last year.

Other destinations for Gladstone LNG exports in March include Singapore (119,698 tonnes), the Philippines (66,430 tonnes), Japan (44,211 tonnes), and Thailand (44,211 tonnes).

GPC’s data shows that volumes to Singapore rose in March compared to 65,278 tonnes tonnes last year, while exports to Japan dropped from 134,984 tonnes last year. There were no exports to the Philippines and Thailand in March 2024.

Gladstone LNG exports rose 4.7 percent in 2024 compared to the previous year, GPC’s data previously showed.

The three terminals shipped about 24.04 million tonnes of LNG or 364 cargoes in 2024.

This compares to 22.97 million tonnes of LNG or 350 cargoes in 2023, and 22.64 million tonnes of LNG or 354 cargoes in 2022, the data shows.

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