EnergyQuest has just released its September 2022 EnergyQuarterly report. One of our findings is that with energy prices at eye-watering levels around the world, we believe that Western Australia now has the lowest gas prices in the OECD. In Q2 US Henry Hub prices in the U.S. averaged A$9.48 per gigajoule (GJ) and the UK National Balancing Point […]
EnergyQuarterly September 2022: Please c...
EnergyQuest has just released its September 2022 EnergyQuarterly report with comprehensive analysis and data for the June Quarter, 2022 together with many statistics for July and into August. There seem to be energy crises all around the world at present, driven by freak weather, the Ukraine war, COVID and botched decarbonisation. Global gas prices have outrun oil on an energy-equivalent basis. […]
The case of the missing Gladstone spot c...
We have just released our July 2022 Australian LNG Monthly report. As noted in today’s AFR (18 July), some of the main points from the report are: Australian LNG exporters, who sent a record $70 billion worth of cargo overseas in the 2022 financial year, have been criticised for ignoring domestic gas supply constraints after […]
Energy: what the $%@!! just happened?
On 22 July Graeme Bethune and Rick Wilkinson presented to the Melbourne Petroleum Club on the current east coast energy crisis. A copy of the presentation can be downloaded below. If you would like further information email service@energyquest.com.au
Record June LNG exports end a record yea...
EnergyQuest has just released its Australian LNG Monthly for June 2022. The report has a detailed analysis of Australian LNG exports in FY 2021. China lost its position as Australia’s top export destination in FY 2022 with 25.0 Mt (38%) of Australian export volume, less than 28.3 Mt (41%) in FY 2021. In the 11 months […]
Australian LNG cargo to Chile
Australia shipped an LNG cargo to Chile in June, the first since July 2020. The cargo is from the Shell-operated QCLNG project at Gladstone in Queensland. As of the end of June another two cargoes were heading towards Chile. QCLNG cargoes generally go to China and Japan. Chile mostly imports LNG cargoes from the US […]
Where are the LNG super profits?
With all the talk about LNG super profits and why not tax LNG to subsidise domestic energy (i.e. subsidise fossil fuels, wasn’t there something about this at COP 26?) we though we would look at the 10-year financial performance of Santos as an example of an Australian company heavily involved in LNG. Between 2012 and […]
East coast gas crisis: if you pull the t...
EnergyQuest has just released its Australian LNG Monthly for May 2022. The lead article is: If you pull the trigger, be careful you don’t shoot off your foot Amid the east coast electricity crisis there are strident calls for the federal government to limit Gladstone LNG exports to divert gas to the domestic market. “We […]
EnergyQuarterly June 2022: Crazy east co...
EnergyQuest has just released its June 2022 EnergyQuarterly report. The east coast energy crisis is a recurring theme through this report. Gas has been an increasingly minor contributor to NEM generation, mostly in South Australia and Queensland. In Q4 last year gas only contributed an average one percent of generation in NSW and Victoria, minute […]
East coast energy price crisis
Notwithstanding the headlines about an east coast gas crisis, the current crisis is more an electricity crisis than a gas crisis. Electricity demand has increased but coal generation has fallen due to coal outages and closures and problems with coal supply in NSW. Renewables have only been able to partially fill the gap so gas-use […]