Information about the EnergyQuest Australian LNG Monthly is available by clicking here. Support for new gas, as long it is next to existing gas – the Future Gas StrategyThe Australian Government’s Future Gas Strategy was released this month. The Strategy sets out a medium- and long-term strategy for gas in Australia and, perhaps unsurprisingly given the […]
Australian LNG Monthly Report – March 20
Information about the EnergyQuest Australian LNG Monthly is available by clicking here. All good for now on the east coastACCC says the (short-term) east coast outlook is for a surplus. Southern states have a forecast shortfall of 25 PJ, while Queensland has surplus supply of 30 PJ, even if all LNG project uncontracted gas is […]
EnergyQuarterly Report – March 2024
EnergyQuest has just released its March 2024 EnergyQuarterly report with comprehensive analysis and data for the December Quarter, 2023 together with comments and data of breaking news. Exploration: the fading frontier Australia’s petroleum production peaked in 2022, and decreased by 18 million barrels of oil equivalent (MMboe) in 2023. One clear reason why Australian production […]
Australian LNG Monthly Report – January
The merger that wasn’tAfter their early-stage merger talks were disclosed in December, Santos and Woodside have now completely abandoned the negotiations. Santos shares initially fell 9% before recovering to close the day 5.8% down, while Woodside rose 0.5%. Woodside will continue on its path, but the question remains: what’s next for Santos to unlock value […]
Australian LNG Monthly Report – December
What to watch in 2024 Offshore regulation The trials and travails of Santos’ Barossa project are well known, with legal challenges from Traditional Owners causing over a year of delays to the drilling program and also impacting pipeline laying. Woodside’s Scarborough LNG project saw approval for a seismic program rescinded due to similar issues; however, so […]
Australian LNG Monthly Report – November
Big and biggerThe big news of the month was the confirmation by Woodside and Santos that both were in discussion on a potential merger. The company resulting from a merger (we call MergeCo) would certainly be a significant company and become the world’s fourth largest listed LNG producer after Shell, Exxon, and Chevron. MergeCo would […]
EnergyQuarterly Report – December 2023
EnergyQuest has just released its December 2023 EnergyQuarterly report with comprehensive analysis and data for the September Quarter, 2023 together with comments and data of breaking news. Ready for the downhill run? For the past nine calendar years, every year, Australia has seen a new production record, but the streak will end in 2023, and […]
Has Australia reached peak natural gas p...
Australia aspires to be a renewable energy superpower. Time will tell whether this is realistic or not but Australia is currently a natural gas superpower. It is one of the top 10 gas producers globally (number 7 in 2022) and one of the top LNG producers, importantly the only OECD LNG producer in the Asia […]
Australian LNG Monthly Report – June 202
Hoping for good weatherThe ACCC latest ‘interim’ report landed 30 June 2023 and the key findings were: Mandatory Gas Code of Conduct Full financial year figure Some of the statistical highlights in this report are: Information about the EnergyQuest Australian LNG Monthly is available by clicking here.
Australian LNG Monthly Report – May 2023
Winter is comingThe cold weather approaches, and with it the second decision from Minister King on whether to activate the Australian Domestic Gas Security Mechanism (ADGSM) due at the end of June. The ACCC’s March 2023 interim gas inquiry report indicated a shortfall of 11 PJ in the third quarter of 2023 and a surplus […]