The Oxford Institute of Energy Studies has recently published a useful paper by Visiting Research Fellow, Nikolai Drahos: Australia’s gas trilemma: prices, exports and emissions. https://www.oxfordenergy.org/wpcms/wp-content/uploads/2021/09/Insight-100-Australias-gas-trilemma-prices-exports-and-emissions-.pdf The paper cites work over the years by EnergyQuest, including a contribution to a report presented to the World Gas Conference in Washington in June 2018, Exhibit 7 Australia’s […]
$100 million LNG cargoes?
Two weeks ago, on 16 September, we released our August Australian LNG Monthly report, which noted the surge in global gas prices. Significant growth in gas demand post COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels for […]
EnergyQuest Australian LNG Monthly Augus...
EnergyQuest has just released its Australian LNG Monthly for August 2021. Some of the highlights are: What’s going on with global gas prices? Significant growth in gas demand post COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels […]
Victorian spot gas price hits 5-year hig...
The Victorian spot gas price hit $20 per gigajoule (GJ) on Tuesday afternoon, the highest price since 27 June 2016, five years ago. Other east coast prices were also high, $18.20/GJ at the Wallumbilla hub, $15.44/GJ in Sydney, $14.79/GJ in Adelaide and $14.39/GJ in Brisbane. Factors driving the surge in prices include strong winter gas […]
Domestic Gas Market Interventions, Inter...
In 2013 EnergyQuest completed an independent report for the Australian Petroleum Production and Exploration Association (APPEA) on domestic gas policy in 20 countries. The report was updated in November 2020. International experience is that government interventions to reduce domestic wholesale gas prices are often unsustainable, and have numerous negative side-effects in terms of economic, energy […]