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 […]
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 […]
EnergyQuarterly March 2023: the governme...
EnergyQuest has just released its March 2023 EnergyQuarterly report with comprehensive analysis and data for the December Quarter, 2022 together with many statistics and analysis for January and and February 2023. A major theme of this report is the federal government’s proposed takeover of the east coast gas market, throwing out the OECD gas market rule book with a move to […]
EnergyQuarterly December 2022: Looming e...
EnergyQuest has just released its December 2022 EnergyQuarterly report with comprehensive analysis and data for the September Quarter, 2022 together with many statistics for October and into November. The federal government is poised to intervene in the east coast gas market. The report has a deep dive into the issues. Moves to cap gas prices would not only […]
Western Australia low energy price “para
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. […]
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 […]
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 […]
EnergyQuarterly March 2022: Implications...
EnergyQuest has just released its March 2022 EnergyQuarterly report. The cover highlights the accelerating closure of coal in the NEM. Are all these coal closures good news for gas-fired generation (GPG)? Probably not for gas volumes but gas is still likely to play an important role. East coast gas remains finely balanced. Southern production did well in […]