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EnergyQuest Australian LNG Monthly Septe...

EnergyQuest has just released its Australian LNG Monthly for September 2020. Some of the highlights are as follows: As Victorian gas production moves closer to the cliff  LNG import facilities are imperative. Australian LNG shipments in September were lower compared with August, primarily due to decreased production at the North West Shelf and Gorgon projects.  Shipments in the six months from April, […]

EnergyQuest Australian LNG Monthly Augus...

EnergyQuest has just released its Australian LNG Monthly for August 2020. Some of the highlights are as follows: Australian LNG shipments in August were higher compared with July, primarily due to increased production at the North West Shelf and Gorgon projects.   Lower oil prices are continuing to have a significant effect on Australian LNG with extended maintenance, and continued cargo deferrals.  […]

Federal government gas-fired recovery

Comments from EnergyQuest’s August 2020 Australian LNG Monthly. This week the Australian federal government announced a so-called Gas-fired Recovery. The plan appears to be largely concerned with the east coast, without anything obvious about Western Australia, Australia’s largest gas producer. Much of the media focus has been on proposals for new pipelines and on proposals […]

EnergyQuest Australian LNG Monthly July ...

EnergyQuest has just released its Australian LNG Monthly for July 2020. Some of the highlights are as follows: Lower oil prices are having a significant effect on Australian LNG with extended maintenance, and continued cargo deferrals, lower prices, and asset write-downs.  LNG revenues are down 52% on a year ago Australian LNG shipments in July were steady compared with June, primarily […]

EnergyQuest Australian LNG Monthly May 2...

EnergyQuest has just released its Australian LNG Monthly for May 2020. Some of the highlights are as follows: Australian LNG shipments appear to be starting to see the impacts of the COVID-19 pandemic and the global oversupply of LNG. Australian LNG shipments in May were down by eight cargoes compared with April, primarily due to […]

EnergyQuest Australian LNG Monthly April...

EnergyQuest has just released its Australian LNG Monthly for April 2020. Some of the highlights are as follows: Notwithstanding the global surplus of LNG and slowdown in economic activity due to COVID-19, Australian LNG shipments are holding up well. In April Australian projects shipped 6.9 million tonnes (Mt) (101 cargoes). Deliveries to China are also holding up. Australian projects delivered 40 cargoes to China […]

EnergyQuest Australian LNG Monthly March...

EnergyQuest has just released its Australian LNG Monthly for March 2020. Some of the highlights are as follows: The world has changed dramatically in the last six weeks as COVID-19 has spread world-wide. In the energy sector, abandoning oil production cuts at the OPEC+ meeting in early March turned out to be the worst possible decision for […]

EnergyQuest Australian LNG Monthly Febru...

EnergyQuest has just released its Australian LNG Monthly for February 2020. Some of the highlights are as follows: Australian LNG is starting to experience a double-whammy of lower volumes and lower prices. The disruption to trade with China and Japan from the coronavirus is starting to become evident in cargoes, not yet substantial but most […]

EnergyQuest Australian LNG Monthly for J...

EnergyQuest has just released its Australian LNG Monthly for January 2020. Suddenly the LNG market is being buffeted from all directions. The market was already soft with a warm winter in North Asia and rapidly growing US production. Now the outbreak of the coronavirus has hit oil prices (to which Australian LNG prices are indexed) and spot LNG prices. Brent […]