Op-ed in the Australian Financial Review 1 October 2017.
Points of interest from the AER Gas Report 3-9 September Queensland LNG On 6 September 2017, daily gas production in Roma reached a record of 3720 TJ. The previous record of 3710 TJ (on 4 July 2017) was set as APLNG neared the end of a three month lenders’ test in which it was required […]
As reported in the March 2017 EnergyQuarterly report, Australian domestic gas prices continue to be lower than export prices and with higher LNG prices and flat domestic gas price realisations LNG prices and domestic gas price realisations diverged in Q4. The average Q4 LNG price realised by the NWS, Santos and Origin was $8.24/GJ compared […]
When markets operate normally, a sharp rise in the price of any commodity triggers a boom in exploration, development and new supply. The resource boom at the start of this century, underpinned by rapid expansion of Australia’s iron ore and LNG industries, is a textbook example. So where is the boom in domestic gas development […]
Notwithstanding the brouhaha about reaching South Australia’s target of 50% of energy production from renewables by 2025, the facts are that this target was achieved in the second half of 2016 and in fact exceeded. In Q4 2016 SA generated 2,451 GWh of electricity, of which wind contributed 1,172 GWh and Solar PV 316 GWh. […]
One of the side-effects of Wednesday’s blackouts in South Australia is that, even though there is plenty of wind, wind generation has been cut by 85%. On Wednesday, prior to the collapse of the mid-north transmission towers that precipitated the blackout, almost all 18 wind fams in South Australia were generating, producing close to 1,200 […]
While there is much understandable focus on electricity supply seecurity, the role of gas in providing an additional layer of energy security is often forgotten. In the latest SA power blackout, gas cushioned the blow for mant people and made a major contribution to a speedy recovery in turning the lights back on: The Bethune’s, […]
Queensland LNG exports are now in full swing and there is currently much focus on the impact of the Queensland LNG projects on the electricity market in Q1 2016, a time when Queensland power demand often peaks. Download our thoughts on the outlook.
It isn’t all doom and gloom in the energy sector with the Queensland Government now looking at a yearly $500 million royalties bonanza from new LNG-linked gas projects, notwithstanding the fall in oil prices. Queensland Government budget forecasts point to a growth in petroleum royalties for Queensland from $51m in the financial year just ended to […]
There is a global energy glut, just about everywhere except on the east coast of Australia. This is clear from an analysis of the latest BP Statistical Review of World Energy contained in the August 2015 edition of EnergyQuest’s EnergyQuarterly. There is a glut of all fossil fuels, not only oil but also coal and […]