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LNG the shining light in gloomy Aussie commodity market

While LNG export volumes continue to rise – driving Australia’s total export volumes higher – the increased revenues this provides are unable to offset falling prices in other commodities While LNG export volumes continue to rise – driving Australia’s total export volumes higher – the increased revenues this provides are unable to offset falling prices in other commodities.
By Sally Bogle 18 September 2012 0 12177
Loading jetty at the 4.3 mtpa Pluto LNG onshore gas plant, which will help boost Australian export volumes this year. (Woodside)

LNG will drive an increase in Australian commodities export volumes in 2012-13, but the country’s total earnings will fall as the price of other commodities fall, data released on Tuesday by the Bureau of Resources and Energy Economics (BREE) shows.

The largest increase in export volumes this year are forecast for LNG (21%), followed by thermal coal (14%), metallurgical coal (12%), copper (10%) and iron ore (8%). The BREE expects LNG to continue driving growth over the next few years as new projects start up in...