EnergyQuest September 2019 LNG Report

EnergyQuest has just released its September 2019 LNG Report. Some of the highlights are:

  • West coast LNG shipments were down by 12 cargoes in September compared with August, primarily from the North West Shelf (NWS) (-12) due to problems with supply from offshore platforms and extended maintenance.  A number of spot cargoes have become available from west coast projects for October and November loading.
  • East coast LNG shipments were up 2 cargoes in September compared with August.
  • Conditions tightened further in the east coast gas market in September. With higher LNG exports and steady production, the producers produced a smaller surplus of 3.3 PJ above exports in September, compared with 10.6 PJ in August. Queensland exports to the southern states also reduced (4.8 PJ in September compared with 8.2 PJ in August), and production from Moomba and offshore Victoria was down by 4.6 PJ compared with August.
  • East coast short-term gas prices were higher than those in August but lower than August 2018. East coast gas-fired generation was up by 42% on a year earlier.

Information about the EnergyQuest LNG service is available by clicking here