Two weeks ago, on 16 September, we released our August Australian LNG Monthly report, which noted the surge in global gas prices. Significant growth in gas demand post COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels for […]
EnergyQuest Australian LNG Monthly Augus...
EnergyQuest has just released its Australian LNG Monthly for August 2021. Some of the highlights are: What’s going on with global gas prices? Significant growth in gas demand post COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels […]
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 […]
EnergyQuest Australian LNG Monthly July ...
EnergyQuest has just released its Australian LNG Monthly for July 2021. Some of the highlights are: Australia supplied a record 72.4 Mt of LNG to North Asia – China, Japan, Korea and Taiwan- in FY 2021, up from 71.4 MT the previous financial year. The total landed value of this LNG is estimated to be […]
New report highlights growing divide in ...
EnergyQuest’s latest East Coast Gas Outlook to 2040, Balanced on the Edge, reveals a widening long-term divide between gas supply and prices in Queensland/NT and the southern states – with the industry balanced on the edge of not meeting demand in just a few years. The new report is the leading energy consultancy’s first in-depth […]
New Report: East Coast Gas Outlook to 20...
Conditions in the east coast gas market continue to challenge producers, buyers, pipeliners, retailers and governments. The industry is balanced on the edge, grappling with high-risk global forces and domestic constraints. In Queensland the gas supply position has improved but offshore Victoria it has deteriorated further, with reserve write-downs. In this environment it is important […]
New Japan energy plan maintains LNG shar...
Japan’s new draft energy plan has hit the headlines, particularly its target of reducing LNG for power generation from 37% of energy supply in FY 2019-20 to 20% in FY 2030-31, a big fall. Other targets include oil falling from 7% to 2% and coal from 32% to 19%. Many commentators have assumed these are […]
EnergyQuest Australian LNG Monthly June ...
EnergyQuest has just released its Australian LNG Monthly for June 2021. Some of the highlights are: Australia exported 77.2 Mt of LNG in the 12 months to 30 June 2021, less than the 79.5 Mt in FY 2020. China overtook Japan as Australia’s top export destination in FY 2021 with 29.8 Mt. Western Australian LNG production […]
Victorian spot gas price hits 5-year hig...
The Victorian spot gas price hit $20 per gigajoule (GJ) on Tuesday afternoon, the highest price since 27 June 2016, five years ago. Other east coast prices were also high, $18.20/GJ at the Wallumbilla hub, $15.44/GJ in Sydney, $14.79/GJ in Adelaide and $14.39/GJ in Brisbane. Factors driving the surge in prices include strong winter gas […]
Reflections on the 2021 APPEA Conference
In mid-June the 2021 APPEA Conference was held in Perth, the first APPEA Conference since 2019 and probably the largest physical conference to be held in Australia since the start of the pandemic. It was a tribute to APPEA that they successfully ran the conference and it was great to catch up with many friends. […]