Australia shipped an LNG cargo to Chile in June, the first since July 2020. The cargo is from the Shell-operated QCLNG project at Gladstone in Queensland. As of the end of June another two cargoes were heading towards Chile. QCLNG cargoes generally go to China and Japan. Chile mostly imports LNG cargoes from the US […]
EnergyQuarterly June 2022: Crazy east co...
EnergyQuest has just released its June 2022 EnergyQuarterly report. The east coast energy crisis is a recurring theme through this report. Gas has been an increasingly minor contributor to NEM generation, mostly in South Australia and Queensland. In Q4 last year gas only contributed an average one percent of generation in NSW and Victoria, minute […]
EnergyQuarterly March 2022: Implications...
EnergyQuest has just released its March 2022 EnergyQuarterly report. The cover highlights the accelerating closure of coal in the NEM. Are all these coal closures good news for gas-fired generation (GPG)? Probably not for gas volumes but gas is still likely to play an important role. East coast gas remains finely balanced. Southern production did well in […]
Gas market update
On 9 December EnergyQuest CEO Graeme Bethune gave an east coast gas market update presentation to the SA Department for Energy and Mining’s annual Oil and Gas Roundtable. A copy of the presentation can be accessed below.
EnergyQuarterly December 2021. Net zero ...
The December 2021 EnergyQuarterly report has just been released, with comprehensive Australian energy data for the September Quarter 2021 and the year to September 2021 plus analysis of the latest developments. The cover highlights the increasing role of banks in pushing the world towards net zero. In just over a decade since the global financial crisis […]
EnergyQuarterly September 2021. Mega-dea...
The September 2021 EnergyQuarterly report has just been released, with comprehensive Australian energy data for the June Quarter 2021 and the 2021 Financial Year plus analysis of the latest developments. The cover story is the proposed Woodside-BHP Petroleum and Santos-Oil Search deals. The report analyses the drivers for both Woodside and Santos and BHP’s rationale in disposing of a business which they have had […]
Australian LNG import momentum growing b...
The momentum for LNG imports in south-eastern Australia is accelerating amidst closures of coal-fired power stations and warnings of a possible gas shortage in Victoria as soon as 2023. The most advanced project is Andrew Forrest’s Port Kembla Gas Terminal, which has environmental approvals in place, the site leased and major works due to start […]
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. […]
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 […]
EnergyQuest Australian LNG Monthly Decem...
EnergyQuest has just released its Australian LNG Monthly for December 2020. EnergyQuest estimates that Australia exported a record 78.0 Mt of LNG in 2020, up from 77.5 Mt in 2019. This is a good result given the disruptions to Gorgon, the fact that Prelude hadn’t produced since early February, issues seen at Wheatstone with reduced […]