Conditions in the east coast gas market continue to challenge producers, buyers, pipeliners, retailers and governments. The industry is balanced on the edge, grappling with high-risk global forces and domestic constraints. In Queensland the gas supply position has improved but offshore Victoria it has deteriorated further, with reserve write-downs. In this environment it is important […]
Victorian spot gas price hits 5-year hig...
The Victorian spot gas price hit $20 per gigajoule (GJ) on Tuesday afternoon, the highest price since 27 June 2016, five years ago. Other east coast prices were also high, $18.20/GJ at the Wallumbilla hub, $15.44/GJ in Sydney, $14.79/GJ in Adelaide and $14.39/GJ in Brisbane. Factors driving the surge in prices include strong winter gas […]
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 […]