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 […]
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 […]
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 […]
EnergyQuarterly December 2021. Net zero ...
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 […]
EnergyQuest Australian LNG Monthly Octob...
EnergyQuest has just released its Australian LNG Monthly for October 2021. In our latest report we take a look at the long-term outlook for LNG, both globally and for Australia, drawing on projections by the IEA, Morgan Stanley and the federal government. The biggest challenge for Australian LNG is not net zero. Australia has already […]
EnergyQuest Australian LNG Monthly Septe...
EnergyQuest has just released its Australian LNG Monthly for September 2021. Some of the highlights are: In the August LNG report we asked “What’s going on with global gas prices?”. Since then the whole energy world seems to have been asking the same question, with the cover story in last week’s issue of The Economist […]
$100 million LNG cargoes?
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 […]