Information about the EnergyQuest Australian LNG Monthly is available by clicking here. The Australian Government might not be done with market interventionThe southern region of the east coast domestic gas market is heading towards annual supply shortfalls in 2028, with peak supply potentially running short sooner. So, what are the options to address the shortfall, […]
EnergyQuarterly Report – June 2024
EnergyQuest has just released its June 2024 EnergyQuarterly report with comprehensive analysis and data for the March Quarter, 2024 together with comments and data of breaking news. Time for a Plan B? Five years ago, EnergyQuest published its East Coast Gas Outlook 2019. In that report we estimated that there would be a shortfall of […]
Australian LNG Monthly Report – April 20
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 […]