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MARKETS

Australian LNG could take $20B LNG earnings hit 2021

AUSTRALIA is set to lose up to $20 billion from LNG export earnings for 2020-21 thanks to a combination of low oil prices and low spot prices, dampened demand, more favourable US-Aussie dollar exchange rates and possibly marginally lower output. 

Helen Clark
Prelude shutdown one of many factors driving fall in LNG earnings

Prelude shutdown one of many factors driving fall in LNG earnings

Australia exported 79 million tonnes in 2019-20 earning A$47 billion, and will export 80MMtpa for the next two years earning $35 billion and then $36 billion, today's Resources and Energy Quarterly from...

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