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 […]
EnergyQuest Australian LNG Monthly April...
EnergyQuest has just released its Australian LNG Monthly for April 2022. Queensland gas prices moved to over $15/GJ in April and have spiked in May, to over $30/GJ. Wholesale electricity prices have reached stratospheric levels. The report outlines some of the demand and supply factors behind these spikes. For gas there is continuing strong demand for LNG at high international prices (strengthened further by the fall […]
EnergyQuest Australian LNG Monthly March...
EnergyQuest has just released its Australian LNG Monthly for March 2022. East coast gas prices moved over $10/GJ in March and have spiked in April, reaching $19.31/GJ in Brisbane on 9 April. This does not appear to be due to LNG exports but more likely due to closures and outages in coal-fired generation. LNG demand in North Asia, Australia’s major market, turned down in February, dropping 17.7% below […]
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 […]
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 […]
New Japan energy plan maintains LNG shar...
Japan’s new draft energy plan has hit the headlines, particularly its target of reducing LNG for power generation from 37% of energy supply in FY 2019-20 to 20% in FY 2030-31, a big fall. Other targets include oil falling from 7% to 2% and coal from 32% to 19%. Many commentators have assumed these are […]
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 […]
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 […]