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 to Asia. On the east coast short-term gas prices increased compared with January but NEM gas-use for power generation increased. Power generation from coal fell to a record low. Generation from renewables grew by 30% from a year earlier, with a 29% share of NEM generation.
Information about the EnergyQuest Australian LNG Monthly is available by clicking here.