Gladstone LNG exports drop in February

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland decreased 9 percent year-on-year in February, 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 1.80 million tonnes of LNG or 29 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows.

This compares to about 1.98 million tonnes of LNG or 30 cargoes in February 2024.

February LNG exports also decreased compared to 2.07 million tonnes of LNG or 32 cargoes in January this year.

China, Malaysia volumes down, South Korea volumes up

Most of last month’s LNG exports (950,144 tonnes) landed in China, a 3.4 percent decrease from the previous year.

On the other hand, Gladstone LNG exports to South Korea rose to 438,340 tonnes from 304,862 tonnes in February 2024, while Malaysian volumes decreased to 186,642 tonnes from 306,224 tonnes in February last year.

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

GPC’s data shows that volumes to Japan dropped in February compared to 275,217 tonnes last year, while exports to Singapore dropped from 53,881 tonnes last year. There were no exports to Thailand in February 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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