Australia’s Department of Industry, Science, Energy, and Resources stated in its Resources and Energy Quarterly that the country’s LNG shipments dropped by 12 per cent year-on-year and noted the pressure on the country’s LNG export volumes in recent months.

The wave of LNG investment in Australia saw over $200 billion invested in seven new LNG projects, which all began operating between 2014 and 2019. The ramp-up of these projects saw Australia’s annual LNG nameplate capacity reach 88 million tonnes.