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First Australian LNG cargo to Chile

Australia has just shipped its first LNG cargo to Chile. The cargo is from the Shell-operated QCLNG project at Gladstone in Queensland. It was transported aboard the Sevilla Knutsen. The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of over 13,500 nautical miles. QCLNG cargoes generally go to China and Japan. […]

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 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 […]

EnergyQuest Australian LNG Monthly April...

EnergyQuest has just released its Australian LNG Monthly for April 2020. Some of the highlights are as follows: Notwithstanding the global surplus of LNG and slowdown in economic activity due to COVID-19, Australian LNG shipments are holding up well. In April Australian projects shipped 6.9 million tonnes (Mt) (101 cargoes). Deliveries to China are also holding up. Australian projects delivered 40 cargoes to China […]

EnergyQuest Australian LNG Monthly March...

EnergyQuest has just released its Australian LNG Monthly for March 2020. Some of the highlights are as follows: The world has changed dramatically in the last six weeks as COVID-19 has spread world-wide. In the energy sector, abandoning oil production cuts at the OPEC+ meeting in early March turned out to be the worst possible decision for […]

EnergyQuest Australian LNG Monthly Febru...

EnergyQuest has just released its Australian LNG Monthly for February 2020. Some of the highlights are as follows: Australian LNG is starting to experience a double-whammy of lower volumes and lower prices. The disruption to trade with China and Japan from the coronavirus is starting to become evident in cargoes, not yet substantial but most […]

EnergyQuest Australian LNG Monthly for J...

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 […]