Following the announcement of the forthcoming closure of ExxonMobil’s Altona refinery, we have been digging out the numbers on where Australia stands internationally in oil consumption versus refining capacity. Australia isn’t a small oil consumer. According to the BP energy statistics, Australia ranked number 16 in the world consuming 1,046 thousand barrels per day (kbbl/d) […]
Australian 2020 LNG export revenue down ...
Last week the Australian Bureau of Statistics (ABS) released the merchandise trade statistics for December, giving a final total for the 2020 year. The total value of 2020 LNG exports was A$36.2 billion, down 25.5% from the 2019 record of A$48.6 billion. We have been asked what impact lower prices would have had on taxes […]
Domestic Gas Market Interventions, Inter...
In 2013 EnergyQuest completed an independent report for the Australian Petroleum Production and Exploration Association (APPEA) on domestic gas policy in 20 countries. The report was updated in November 2020. International experience is that government interventions to reduce domestic wholesale gas prices are often unsustainable, and have numerous negative side-effects in terms of economic, energy […]
Gas post-COVID, too much politics, not e...
Presentation to the APGA virtual conference 20 October 2020 In this presentation Graeme Bethune said LNG is the only solution to projected domestic shortages of natural gas in the short-term. The Australian gas market operator AEMO and the ACCC have predicted declining volumes of gas coming out of Victoria and South Australia’s Cooper Basin. The […]
Australian gas and oil exploration renai...
There are signs that Australian oil and gas exploration is starting to recover from the doldrums that have been the feature of recent years. EnergyQuest has recently completed a full industry review of Australia’s current and forward oil and gas exploration schedules. The research, by EnergyQuest’s well respected exploration analyst, David Upton, can be downloaded […]