Australia’s LNG revenue slumped 25 per cent in the last financial year despite export volumes holding firm, according to the first data released on gas exports for 2023-24.

Export earnings from LNG dropped to $69.5 billion in the year ended June 30, down from a record $92.2 billion the previous year, which was marked by particularly high international prices because of the war in Ukraine, Adelaide-based consultancy EnergyQuest said.