Based on vessel tracking data, EnergyQuest estimates that Australian LNG exports reached a new record of 81.4 million tonnes (Mt) in 2022, up slightly from 81.1 Mt the previous calendar year. However, with higher oil and LNG spot prices, Australian LNG export revenue was up a massive 86% on 2021 with estimated export revenue of […]
Falling gas prices
EnergyQuest has just released its Australian LNG Monthly for October 2022. There are special reports on: Some of the highlights of this report are: Information about the EnergyQuest Australian LNG Monthly is available by clicking here.
Record August LNG export revenue
EnergyQuest has just released its Australian LNG Monthly for August 2022. There are special reports on: Record international energy prices Europe relying on fracked U.S. gas to avoid winter shortages EU energy plans Impact of gas sanctions on Russia The rapid rise of U.S. LNG East coast gas prices falling notwithstanding higher Gladstone exports ADGSM […]
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 […]
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 […]
EnergyQuest Australian LNG Monthly April...
EnergyQuest has just released its Australian LNG Monthly for April 2022. Queensland gas prices moved to over $15/GJ in April and have spiked in May, to over $30/GJ. Wholesale electricity prices have reached stratospheric levels. The report outlines some of the demand and supply factors behind these spikes. For gas there is continuing strong demand for LNG at high international prices (strengthened further by the fall […]