EnergyQuest has just released its Australian LNG Monthly for April 2020. Some of the highlights are as follows: Notwithstanding the global surplus of LNG and slowdown in economic activity due to COVID-19, Australian LNG shipments are holding up well. In April Australian projects shipped 6.9 million tonnes (Mt) (101 cargoes). Deliveries to China are also holding up. Australian projects delivered 40 cargoes to China […]

EnergyQuest has just released its Australian LNG Monthly for March 2020. Some of the highlights are as follows: The world has changed dramatically in the last six weeks as COVID-19 has spread world-wide. In the energy sector, abandoning oil production cuts at the OPEC+ meeting in early March turned out to be the worst possible decision for […]

EnergyQuest has just released its Australian LNG Monthly for February 2020. Some of the highlights are as follows: Australian LNG is starting to experience a double-whammy of lower volumes and lower prices. The disruption to trade with China and Japan from the coronavirus is starting to become evident in cargoes, not yet substantial but most […]

EnergyQuest has just released its Australian LNG Monthly for January 2020. Suddenly the LNG market is being buffeted from all directions. The market was already soft with a warm winter in North Asia and rapidly growing US production. Now the outbreak of the coronavirus has hit oil prices (to which Australian LNG prices are indexed) and spot LNG prices. Brent […]

EnergyQuest has just released its December2019 LNG Report. Some of the highlights are: Higher LNG exports and lower east coast gas prices. Australia has officially become the world’s largest exporter of LNG on an annualised basis with the record performance for last year being 1.5 Mt above the Platts estimate (6 January) of Qatar 2019 […]

EnergyQuest has just released its November 2019 LNG Report. Some of the highlights are: Australian LNG shipments have not been affected yet by the surplus of LNG globally.  Total Australian LNG shipments in November were 6.5 million tonnes (Mt) (96 cargoes), only slightly lower than 6.6 Mt (97 cargoes) in October. Australia’s November shipments were […]

Within five years NSW gas supply will be unable to meet winter demand AEMO has warned that gas supply in NSW will not meet demand in the winter of 2025. Gas prices have already risen in response to the tight supply, presenting a serious challenge to manufacturers and other users of gas. Sydney gas prices […]

EnergyQuest has just released its October 2019 LNG Report. Some of the highlights are: Australian LNG shipments have not been affected yet by the surplus of LNG globally.  Total Australian LNG shipments in October were 6.6 million tonnes (Mt) (97 cargoes), higher than 6.2 Mt (91 cargoes) in September. Australia’s October shipments were 77.8 Mtpa […]

EnergyQuest has just released its September 2019 LNG Report. Some of the highlights are: West coast LNG shipments were down by 12 cargoes in September compared with August, primarily from the North West Shelf (NWS) (-12) due to problems with supply from offshore platforms and extended maintenance.  A number of spot cargoes have become available […]

EnergyQuest has just released its August 2019 LNG Report. Some of the highlights are: West coast LNG shipments were down by 3 cargoes in August compared with July, primarily Wheatstone (-2) and Ichthys (-2), both of which have also been selling spot cargoes at low spot prices. Contract buyers from the projects have exercised downward […]