Op-ed in Australian Financial Review 18 June 2020 It is good to see a focus on the future of Australian manufacturing by the high-powered National COVID-19 Coordination Commission chaired by Mr. Nev Power. However, the leaked draft report of the NCCC’s Manufacturing Taskforce is an odd document. Gas has apparently dominated the Taskforce’s discussion even […]
Australia-China row unlikely to ensnare ...
Platts 19 May https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/051920-australia-china-row-unlikely-to-ensnare-lng-trade-but-risks-have-grown
China still hungry for Australian LNG
Australian Financial Review 15 May 2020 The global glut in natural gas and a growing frostiness in trade relations with China have so far failed to dent Australia’s LNG exports to China, with a big jump in cargoes delivered in April… Australian Financial Review coverage of EnergyQuest April 2020 Australian LNG Monthly report. https://www.afr.com/companies/energy/china-still-hungry-for-australian-lng-20200514-p54stl
Shell and PetroChina’s Arrow gas venture
Another large write-down for Arrow but potentially turning the corner now the reserves book has been cleaned up and development is getting underway. Quoted in The Australian https://www.theaustralian.com.au/business/mining-energy/shell-and-petrochinas-arrow-gas-venture-in-520m-writedown/news-story/1dd35caef9b4de5aecd5f79b0f33463a?utm_source=The%20Australian&utm_medium=email&utm_campaign=editorial&utm_content=BusinessReviewAM&utm_source=Email&utm_medium=&utm_campaign=&utm_content=
Equinor abandons plans to drill in the G...
Equinor’s decision to abandon drilling in the Bight is disappointing but not surprising. Disappointing because Australia imports one million barrels of oil per day to meet its thirst for petrol, diesel and jet fuel. Disappointing also because of the loss of potential economic benefits for South Australia. Not surprising because of the cost of drilling […]
Newcastle LNG import terminal given crit...
SOUTH KOREAN developer Epik has been granted Critical State Significant Infrastructure status for its proposed Newcastle LNG import terminal in New South Wales, by the state government. Energy News Bulletin 14 July https://www.energynewsbulletin.net/
More gas for less money: EnergyQuest
Gas-fired power generation is making a small come back according to Energy Quest data, with a 36% rise, or 405 gigawatt hours, in the eastern states over a year ago, which is still lower than in June this year. Energy News Bulletin 14 July. https://www.energynewsbulletin.net/ For highlights of the EnergyQuest July LNG Report go to […]
The trade war is making China more relia...
China is increasingly reliant on Australian energy and mineral exports as the trade war with the United States rumbles on, crimping Beijing’s ability to penalise Canberra for its tougher stance on national security issues. New figures released on Wednesday show Australia supplied 46 per cent of China’s LNG imports in the year to June, more than […]
China catching up to Japan in Oz LNG
EnergyQuest’s latest market report finds China catching up to Japan in the Oz LNG buying stakes as Japanese utilities baulk at the spread between the spot and oil-linked contract prices, seeking to negotiate better terms even as some begin to import more coal again for cheaper power. https://www.energynewsbulletin.net/ For highlights of the EnergyQuest July LNG […]
Long term risks in Trad’s sneak attack o
Jackie Trad’s sneak attack on Queensland’s coal seamers marks a worrying new low in communications between the Sunshine State’s extractors and their more usually strongly supportive government. (Matthew Stevens, Australian Financial Review, 13 June) https://www.afr.com/business/energy/long-term-risks-in-trad-s-sneak-attack-on-gas-20190612-p51x16