EnergyQuest has just released its Australian LNG Monthly for July 2021. Some of the highlights are: Australia supplied a record 72.4 Mt of LNG to North Asia – China, Japan, Korea and Taiwan- in FY 2021, up from 71.4 MT the previous financial year. The total landed value of this LNG is estimated to be […]
EnergyQuest Australian LNG Monthly June ...
EnergyQuest has just released its Australian LNG Monthly for June 2021. Some of the highlights are: Australia exported 77.2 Mt of LNG in the 12 months to 30 June 2021, less than the 79.5 Mt in FY 2020. China overtook Japan as Australia’s top export destination in FY 2021 with 29.8 Mt. Western Australian LNG production […]
EnergyQuest Australian LNG Monthly May 2...
EnergyQuest has just released its Australian LNG Monthly for May 2021. Some of the highlights are: Australia’s May LNG shipments were the lowest since February 2019. Asian LNG spot prices have passed US$12/MMBtu. The Callide Power Station outage has boosted the share of gas in Queensland generation from 6% to 20%. Australian projects delivered 43 […]
Lack of Gas the Biggest Threat To Austra...
EnergyQuest has just released its Australian LNG Monthly for April 2021. Some of the highlights are: Australia’s LNG exports have weathered the pandemic well. Exports last calendar year were 78.3 Mt, up on 77.0 Mt the year before. In its latest annual report, the International Group of LNG Importers (GIIGNL) ranks Australia as the world’s […]
Record Australian LNG shipments: EnergyQ...
EnergyQuest has just released its Australian LNG Monthly for March 2021. Some of the highlights are: Australian LNG shipments bounced back to record levels in March 2021 with a big lift in deliveries to China. In March Australian projects shipped 7.2 million tonnes (Mt) (105 cargoes), significantly higher than 6.0 Mt (88 cargoes) in February […]
EnergyQuest Australian LNG Monthly Janua...
EnergyQuest has just released its Australian LNG Monthly for January 2021. Some of the highlights are: Notwithstanding COVID-19, LNG imports by North Asian countries (including Taiwan) increased by 2.5% to a total of 200.3 Mt LNG in 2020, 4.8 Mt higher than in 2019 when 195.5 Mt was imported. China remains far and away the world’s largest gas importer, well ahead of number two, Germany and number three, Japan. […]
Australia the odd country out on oil ref...
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 […]
APLNG Q4 2020 domestic gas prices 34% be...
Further to our post earlier this week, there has been further evidence today that domestic gas prices are significantly lower than LNG prices. Origin Energy’s quarterly ASX report for the December quarter 2020 discloses that average revenue realised from LNG sales by the APLNG project at Gladstone in Queensland was US$5.20/MMBtu. That is A$6.71/GJ. APLNG’s […]
FACT CHECK: Australians still pay less f...
Notwithstanding extensive evidence to the contrary, gas buyers still claim that Australians pay more for gas than do the overseas buyers of our LNG. This remains false. EnergyQuest tracks the landed price of Australian LNG in our four major markets, Japan, China, Korea and Taiwan. These are landed prices, prior to the cost of regasification, […]