REQ revises down LNG export earnings

THE September Resources and Energy Quarterly released this morning finds the Office of the Chief Economist slightly revising down its expected LNG export earnings for Australia to 2021 after a bumper $50 billion year in 2018. 

REQ revises down LNG export earnings REQ revises down LNG export earnings REQ revises down LNG export earnings REQ revises down LNG export earnings REQ revises down LNG export earnings

The last wave of LNG projects like Shell's Prelude is now online

 
 
"Export earnings are forecast to lift to $52 billion in 2019-20, driven by growing export volumes, before falling back to $49 billion, as prices ease," it said.