The merger that wasn’tAfter their early-stage merger talks were disclosed in December, Santos and Woodside have now completely abandoned the negotiations. Santos shares initially fell 9% before recovering to close the day 5.8% down, while Woodside rose 0.5%. Woodside will continue on its path, but the question remains: what’s next for Santos to unlock value […]
Australian LNG Monthly Report – December
What to watch in 2024 Offshore regulation The trials and travails of Santos’ Barossa project are well known, with legal challenges from Traditional Owners causing over a year of delays to the drilling program and also impacting pipeline laying. Woodside’s Scarborough LNG project saw approval for a seismic program rescinded due to similar issues; however, so […]
Australian LNG Monthly Report – November
Big and biggerThe big news of the month was the confirmation by Woodside and Santos that both were in discussion on a potential merger. The company resulting from a merger (we call MergeCo) would certainly be a significant company and become the world’s fourth largest listed LNG producer after Shell, Exxon, and Chevron. MergeCo would […]
EnergyQuarterly Report – December 2023
EnergyQuest has just released its December 2023 EnergyQuarterly report with comprehensive analysis and data for the September Quarter, 2023 together with comments and data of breaking news. Ready for the downhill run? For the past nine calendar years, every year, Australia has seen a new production record, but the streak will end in 2023, and […]
East Coast Gas Outlook 2023
EnergyQuest has released its fifth annual analysis of the east coast gas industry. The outlook for the east coast gas industry is one of great uncertainty. The potential for large swings from balanced supply/demand, to tight supply, to the long term possibility of over supply foretells an industry roller coaster ride ahead. At 314 pages […]
Has Australia reached peak natural gas p...
Australia aspires to be a renewable energy superpower. Time will tell whether this is realistic or not but Australia is currently a natural gas superpower. It is one of the top 10 gas producers globally (number 7 in 2022) and one of the top LNG producers, importantly the only OECD LNG producer in the Asia […]
Australian LNG Monthly Report – June 202
Hoping for good weatherThe ACCC latest ‘interim’ report landed 30 June 2023 and the key findings were: Mandatory Gas Code of Conduct Full financial year figure Some of the statistical highlights in this report are: Information about the EnergyQuest Australian LNG Monthly is available by clicking here.
Australian LNG Monthly Report – May 2023
Winter is comingThe cold weather approaches, and with it the second decision from Minister King on whether to activate the Australian Domestic Gas Security Mechanism (ADGSM) due at the end of June. The ACCC’s March 2023 interim gas inquiry report indicated a shortfall of 11 PJ in the third quarter of 2023 and a surplus […]
Australian LNG Monthly April 2023
EnergyQuest has just released the April 2023 Australian LNG Monthly report.Don’t let the comfortable shoulder fool youWe are now in that comfortable shoulder period, between the northern winter and the Australian winter, and it is easy to become complacent as it all seems back to normal. But the fundamental market tightness is still there. Rising […]
Australian LNG Monthly March 2023
Highlights from the EnergyQuest Australian LNG Monthly report. Australia may be a lucky country, but it is in a global competitionThe three largest LNG buyers in the world have a great interest in what happens with Australian energy policy. Based on our February import data, Australia supplied 45% of Japanese imports, 28% of China’s imports and 23% of Korean imports. These three LNG buyers accounted for 74.4% of Australia’s March […]