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 […]
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 […]
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 […]
Australian LNG export revenue surges in ...
Over the last few days we have been pulling together the numbers on Australian LNG exports in 2021 as well as taking a look at the future. Some of the major highlights can be downloaded below. We will delve into this in more detail in our December Australian LNG Monthly report in a couple of […]
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 […]
Gas market update
On 9 December EnergyQuest CEO Graeme Bethune gave an east coast gas market update presentation to the SA Department for Energy and Mining’s annual Oil and Gas Roundtable. A copy of the presentation can be accessed below.
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 […]
Australian LNG shipments and revenue rec...
The ABS trade statistics that came out last Thursday showed record LNG export revenue of A$4.9 billion in September, as higher oil prices and LNG spot prices fed into export revenue. We estimate that the results for October are even better, with shipments from Australian projects of a record 7.23 million tonnes (up from 7.0 […]