LNG pushes Queensland’s export growth
Queensland’s liquefied natural gas exporters have shipped almost $1.4 billion worth of LNG in the first eight months of operation, Treasurer Curtis Pitt said Thursday.
According to Australian Bureau of Statistics data, LNG exports contributed to a 15.7% increase in the nominal value of Queensland’s overseas merchandise exports in the August quarter, compared to the same period last year.
“The LNG industry has exported $1.38 billion worth of gas from January to August,” Pitt said, adding that exports should ramp up further over the next year as all six LNG plants from three projects become fully operational.
Queensland’s export growth was further pushed by 9.7% rise in coal exports and a 33.4% rise in beef export.