The December 2021 EnergyQuarterly report has just been released, with comprehensive Australian energy data for the September Quarter 2021 and the year to September 2021 plus analysis of the latest developments. The cover highlights the increasing role of banks in pushing the world towards net zero. In just over a decade since the global financial crisis […]
EnergyQuarterly September 2021. Mega-dea...
The September 2021 EnergyQuarterly report has just been released, with comprehensive Australian energy data for the June Quarter 2021 and the 2021 Financial Year plus analysis of the latest developments. The cover story is the proposed Woodside-BHP Petroleum and Santos-Oil Search deals. The report analyses the drivers for both Woodside and Santos and BHP’s rationale in disposing of a business which they have had […]
Australian LNG import momentum growing b...
The momentum for LNG imports in south-eastern Australia is accelerating amidst closures of coal-fired power stations and warnings of a possible gas shortage in Victoria as soon as 2023. The most advanced project is Andrew Forrest’s Port Kembla Gas Terminal, which has environmental approvals in place, the site leased and major works due to start […]
EnergyQuest Australian LNG Monthly Janua...
EnergyQuest has just released its Australian LNG Monthly for January 2021. Some of the highlights are: Notwithstanding COVID-19, LNG imports by North Asian countries (including Taiwan) increased by 2.5% to a total of 200.3 Mt LNG in 2020, 4.8 Mt higher than in 2019 when 195.5 Mt was imported. China remains far and away the world’s largest gas importer, well ahead of number two, Germany and number three, Japan. […]
Australian 2020 LNG export revenue down ...
Last week the Australian Bureau of Statistics (ABS) released the merchandise trade statistics for December, giving a final total for the 2020 year. The total value of 2020 LNG exports was A$36.2 billion, down 25.5% from the 2019 record of A$48.6 billion. We have been asked what impact lower prices would have had on taxes […]
EnergyQuest Australian LNG Monthly Decem...
EnergyQuest has just released its Australian LNG Monthly for December 2020. EnergyQuest estimates that Australia exported a record 78.0 Mt of LNG in 2020, up from 77.5 Mt in 2019. This is a good result given the disruptions to Gorgon, the fact that Prelude hadn’t produced since early February, issues seen at Wheatstone with reduced […]
The three C’s of 2020: Covid, China and
EnergyQuest CEO Graeme Bethune looks back at 2020 As 2020 draws to a close it is time to reflect on the passing year. There are three themes that stand out to us from 2020. First, and obviously, the impact of the pandemic on individuals, countries and energy markets. In Australia the major impact on energy demand has […]
EnergyQuest Australian LNG Monthly Novem...
EnergyQuest has just released its Australian LNG Monthly for November 2020. November was a strong month for Australian LNG exports, with 6.9 million tonnes (Mt) shipped, the highest since April this year. This was despite supply disruptions from Gorgon, Australia’s second-largest project, and delays to the start-up of the Prelude floating LNG project. One of […]
EnergyQuest Australian LNG Monthly Octob...
EnergyQuest has just released its Australian LNG Monthly for September 2020. Some of the highlights are as follows: Chinese import restrictions, so far, do not appear to have affected Australian exports of LNG to China. In the first ten months of this year EnergyQuest estimates that Australia delivered 23.5 Mt of LNG to China, precisely the […]
Queensland LNG export record in October
The east coast LNG producers had record exports in October. They shipped 31 cargoes, 2.05 million tonnes for the month. The previous highest was 2.02 million tonnes (30 cargoes) in April 2020. More details to follow in forthcoming October edition of EnergyQuest Australian LNG Monthly. Information about the EnergyQuest Australian LNG Monthly is available by […]