EnergyQuest CEO Graeme Bethune looks back at 2020 As 2020 draws to a close it is time to reflect on the passing year. There are three themes that stand out to us from 2020. First, and obviously, the impact of the pandemic on individuals, countries and energy markets. In Australia the major impact on energy demand has […]
EnergyQuest Australian LNG Monthly Novem...
EnergyQuest has just released its Australian LNG Monthly for November 2020. November was a strong month for Australian LNG exports, with 6.9 million tonnes (Mt) shipped, the highest since April this year. This was despite supply disruptions from Gorgon, Australia’s second-largest project, and delays to the start-up of the Prelude floating LNG project. One of […]
EnergyQuest Australian LNG Monthly Octob...
EnergyQuest has just released its Australian LNG Monthly for September 2020. Some of the highlights are as follows: Chinese import restrictions, so far, do not appear to have affected Australian exports of LNG to China. In the first ten months of this year EnergyQuest estimates that Australia delivered 23.5 Mt of LNG to China, precisely the […]
Queensland LNG export record in October
The east coast LNG producers had record exports in October. They shipped 31 cargoes, 2.05 million tonnes for the month. The previous highest was 2.02 million tonnes (30 cargoes) in April 2020. More details to follow in forthcoming October edition of EnergyQuest Australian LNG Monthly. Information about the EnergyQuest Australian LNG Monthly is available by […]
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 June ...
EnergyQuest has just released its Australian LNG Monthly for June 2020. Some of the highlights are as follows: Australian projects exported 79.4 Mt in the 12 months to June 2020, up 5.7% from 75.1 Mt a year earlier. Total LNG export revenue is estimated to be $47.9 billion in FY 2020, down $1.5 billion from […]
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 […]