EnergyQuest has just released the January 2023 Australian LNG Monthly report. In addition to all the LNG statistics, there are two main stories: One is on the proposed changes to the Australian Domestic Gas Security Mechanism, asking whether Australia is really the stable and reliable energy supplier that politicians claim it to be. Whatever its […]
Australian LNG Monthly December 2022
In addition to comprehensive LNG statistics, our December 2022 Australian LNG Monthly report carried two important stories: $78/GJ gas price cap in Europe, $12/GJ in Australia. Coincidentally both the EU and Australia announced gas price caps in the week before Christmas. However, the timing is where the similarity ends. The EU cap will begin from […]
Australian 2022 LNG export revenue over ...
Based on vessel tracking data, EnergyQuest estimates that Australian LNG exports reached a new record of 81.4 million tonnes (Mt) in 2022, up slightly from 81.1 Mt the previous calendar year. However, with higher oil and LNG spot prices, Australian LNG export revenue was up a massive 86% on 2021 with estimated export revenue of […]
Falling gas prices
EnergyQuest has just released its Australian LNG Monthly for October 2022. There are special reports on: Some of the highlights of this report are: Information about the EnergyQuest Australian LNG Monthly is available by clicking here.
Record August LNG export revenue
EnergyQuest has just released its Australian LNG Monthly for August 2022. There are special reports on: Record international energy prices Europe relying on fracked U.S. gas to avoid winter shortages EU energy plans Impact of gas sanctions on Russia The rapid rise of U.S. LNG East coast gas prices falling notwithstanding higher Gladstone exports ADGSM […]
Record June LNG exports end a record yea...
EnergyQuest has just released its Australian LNG Monthly for June 2022. The report has a detailed analysis of Australian LNG exports in FY 2021. China lost its position as Australia’s top export destination in FY 2022 with 25.0 Mt (38%) of Australian export volume, less than 28.3 Mt (41%) in FY 2021. In the 11 months […]
Where are the LNG super profits?
With all the talk about LNG super profits and why not tax LNG to subsidise domestic energy (i.e. subsidise fossil fuels, wasn’t there something about this at COP 26?) we though we would look at the 10-year financial performance of Santos as an example of an Australian company heavily involved in LNG. Between 2012 and […]
East coast gas crisis: if you pull the t...
EnergyQuest has just released its Australian LNG Monthly for May 2022. The lead article is: If you pull the trigger, be careful you don’t shoot off your foot Amid the east coast electricity crisis there are strident calls for the federal government to limit Gladstone LNG exports to divert gas to the domestic market. “We […]
EnergyQuest Australian LNG Monthly April...
EnergyQuest has just released its Australian LNG Monthly for April 2022. Queensland gas prices moved to over $15/GJ in April and have spiked in May, to over $30/GJ. Wholesale electricity prices have reached stratospheric levels. The report outlines some of the demand and supply factors behind these spikes. For gas there is continuing strong demand for LNG at high international prices (strengthened further by the fall […]
Russia, oil and petrol prices
I’ve been getting questions about oil and petrol prices and the role of Russia. For what it’s worth here is my take. The Brent oil price yesterday was US$132.33 per barrel (8 March) and Australian ULP petrol prices are passing $2/litre. Q. Why are oil prices shooting up? A. The oil market was very tight […]