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Australia's annual LNG exports have increased significantly

 Last Update: 2023-02-01
 Source: Internet
 Author: User

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Australian energy consultancy Energy According to Quest's recently released survey, Australia's liquefied natural gas (LNG) exports totalled $92.
8 billion in 2022, up 86%
from 2021.
This was mainly due to the surge in natural gas prices caused by the
energy crisis in Europe.

In 2022, Australia's LNG exports reached 81.
4 million tonnes, surpassing the United States and Qatar to become the world's largest LNG exporter
.
In 2020, Australia's LNG exports were only A$
36 billion.
In 2022, Japan ranked first among Australia's LNG export destinations with 39% of the total; It is followed by China with 28%.

Energy, however Quest CEO Bethune pointed out that after the reserves of the Bayu-Undan gas field in the Timor Sea off the coast of northern Australia are depleted, its gas production may decline in 2023, and exports will be reduced
.

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