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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. […]

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 […]

FACT CHECK: Australians still pay less f...

Notwithstanding extensive evidence to the contrary, gas buyers still claim that Australians pay more for gas than do the overseas buyers of our LNG. This remains false. EnergyQuest tracks the landed price of Australian LNG in our four major markets, Japan, China, Korea and Taiwan. These are landed prices, prior to the cost of regasification, […]

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 […]

The three C’s of 2020: Covid, China and

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 […]