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 […]
EnergyQuest December 2019 LNG Report
EnergyQuest has just released its December2019 LNG Report. Some of the highlights are: Higher LNG exports and lower east coast gas prices. Australia has officially become the world’s largest exporter of LNG on an annualised basis with the record performance for last year being 1.5 Mt above the Platts estimate (6 January) of Qatar 2019 […]
EnergyQuest November 2019 LNG Report
EnergyQuest has just released its November 2019 LNG Report. Some of the highlights are: Australian LNG shipments have not been affected yet by the surplus of LNG globally. Total Australian LNG shipments in November were 6.5 million tonnes (Mt) (96 cargoes), only slightly lower than 6.6 Mt (97 cargoes) in October. Australia’s November shipments were […]
Running on Empty: How to keep NSW fuelle...
Within five years NSW gas supply will be unable to meet winter demand AEMO has warned that gas supply in NSW will not meet demand in the winter of 2025. Gas prices have already risen in response to the tight supply, presenting a serious challenge to manufacturers and other users of gas. Sydney gas prices […]
EnergyQuest October 2019 LNG Report
EnergyQuest has just released its October 2019 LNG Report. Some of the highlights are: Australian LNG shipments have not been affected yet by the surplus of LNG globally. Total Australian LNG shipments in October were 6.6 million tonnes (Mt) (97 cargoes), higher than 6.2 Mt (91 cargoes) in September. Australia’s October shipments were 77.8 Mtpa […]
EnergyQuest September 2019 LNG Report
EnergyQuest has just released its September 2019 LNG Report. Some of the highlights are: West coast LNG shipments were down by 12 cargoes in September compared with August, primarily from the North West Shelf (NWS) (-12) due to problems with supply from offshore platforms and extended maintenance. A number of spot cargoes have become available […]
EnergyQuest August 2019 LNG Report
EnergyQuest has just released its August 2019 LNG Report. Some of the highlights are: West coast LNG shipments were down by 3 cargoes in August compared with July, primarily Wheatstone (-2) and Ichthys (-2), both of which have also been selling spot cargoes at low spot prices. Contract buyers from the projects have exercised downward […]
FACT CHECK: do Australians pay more for ...
It is often claimed that Australians pay more for gas than do the overseas buyers of our LNG. Is this true? EnergyQuest tracks the landed price of Australian LNG in our three major markets, Japan, China and Korea. These are landed prices, prior to the cost of regasification, pipeline transport and profit margins in the […]
EnergyQuest July 2019 LNG Report
EnergyQuest has just released its July 2019 LNG Report. Some of the highlights are: Notwithstanding the winter weather, conditions eased in the east coast gas market in July. CSG production from fields operated by the LNG producers was up by 5.0 PJ compared with June and with lower LNG exports, the producers produced a surplus […]