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 […]
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 […]
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 […]
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 […]
EnergyQuest Australian LNG Monthly March...
EnergyQuest has just released its Australian LNG Monthly for March 2022. East coast gas prices moved over $10/GJ in March and have spiked in April, reaching $19.31/GJ in Brisbane on 9 April. This does not appear to be due to LNG exports but more likely due to closures and outages in coal-fired generation. LNG demand in North Asia, Australia’s major market, turned down in February, dropping 17.7% below […]
EnergyQuest Australian LNG Monthly Febru...
EnergyQuest has just released its Australian LNG Monthly for February 2022. The EU is scrambling to de-link from Russian gas, partly through increased LNG. This is likely to keep gas markets tight in both Europe and Asia. There were no Australian cargoes to Europe in February and most Australian cargoes are likely to continue heading […]
EnergyQuest Australian LNG Monthly Janua...
EnergyQuest has just released its Australian LNG Monthly for January 2022. According to Bloomberg (13 February) the “US Is Exporting Every Molecule of LNG Possible”, due to the crisis in Europe (Bloomberg, 13 February). Australia however shipped fewer LNG cargoes in January (96) than in December (105), with short-term outages at the North West Shelf […]
EnergyQuest Australian LNG Monthly Novem...
EnergyQuest has just released its Australian LNG Monthly for November 2021. We have just released our November Australian LNG Monthly report. Extraordinary global gas prices are good for LNG producers but are starting to impact the east coast gas market. Also while Australia is the biggest LNG exporter to China, it’s position in the long-term […]