LIQUEFIED NATURAL GAS – AUSTRALIA

China tensions threaten LNG, coal exports

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Original article by Perry Williams
The Weekend Australian – Page: 20 : 15-May-21

China has imposed an informal ban on Australian thermal coal since 2020, and consultancy Wood Mackenzie expects the ban to remain in place until 2022. There are now also suggestions that the ongoing tensions could see China pull back from agreeing to sign long-term LNG deals with Australia, which supplies 45 per cent of China’s LNG requirements. Woodside Petroleum advised in February that it had been forced to delay talks to sell LNG to China, citing the economic rift between the two nations.

CORPORATES
WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL

LNG exports face $20bn hit as prices crash

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Original article by Perry Williams
The Australian – Page: 13 & 20 : 17-Apr-20

The federal government’s revenue projections for LNG exports in 2020-21 were based on an average crude oil price of $U60 per barrel in 2020. However, the oil price has fallen to around $US27 a barrel; EnergyQuest expects it to average $US30 in the second half of 2020, rising to $US45 in the first half of 2021. The consultancy expects LNG export revenue to fall from $US50bn in 2019-20 to just $US30bn in 2020-21. In contrast, the government had forecast revenue of $US44bn from LNG exports in 2020-21, although this was prior to the coronavirus pandemic and the recent slump in the crude oil price.

CORPORATES
ENERGYQUEST PTY LTD

Inpex expects glut of LNG to continue

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Original article by Perry Williams
The Australian – Page: 19 : 5-Aug-19

The spot price of LNG in Asia has fallen to $US4 per million British thermal units, compared with $US11/MMBtu in late 2018. The LNG market has been affected by factors such as increased supply and slowing global economic growth. However, Inpex CEO Takayuki Ueda is upbeat about the outlook for LNG, saying Asian demand will remain strong. Meanwhile, Inpex is considering an increase in the capacity of its Ichthys LNG project.

CORPORATES
INPEX CORPORATION, CHEVRON CORPORATION

BHP calls for LNG-powered iron ore vessels

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Original article by Peter Ker
The Australian Financial Review – Page: 18 : 15-Jul-19

BHP is seeking to reduce the greenhouse gas emissions its products create once they have been acquired by its customers. As part of that effort, it has launched a tender that would see around 10 per cent of its iron ore exports to China transported in ships powered by LNG by around late 2021. BHP executive Rashpal Bhatti notes that LNG can achieve a 25 per cent reduction in greenhouse gas emissions when compared to low sulphur fuel oil.

CORPORATES
BHP GROUP LIMITED – ASX BHP

Soaring LNG shipments yield $43.3b in exports

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 14-Jan-19

Australian exports of liquefied natural gas rose by 23 per cent to 69.5 million tonnes in 2018, according to Energy Quest, with revenue from LNG exports increasing by an estimated 68 per cent to around $43.3 billion. The rise in 2018 exports was aided by new projects starting up in north-western Australia, with further increases in exports expected in 2019. The Woodside Petroleum-managed North West Shelf venture retained its position as Australia’s top LNG exporter in 2018, shipping around 17.28 million tonnes.

CORPORATES
ENERGYQUEST PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON AUSTRALIA PTY LTD, SHELL COMPANY OF AUSTRALIA LIMITED

LNG import terminal remains a live option

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 5-Sep-18

Australian Industrial Energy CEO James Baulderstone says it still plans to make a final decision on its proposed LNG import terminal at Port Kembla by the end of 2018. Baulderstone believes LNG imports will still be competitive under federal Labor’s proposed gas measures. AIE’s LNG import project is expected to cost around $500 million. AGL, which is planning a similar project at Crib Point in Victoria, is not yet in a position to state how Labor’s proposals could impact on its project.

CORPORATES
AUSTRALIAN INDUSTRIAL ENERGY, AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN LABOR PARTY, MACQUARIE EQUITIES LIMITED, HAYBERRY INVESTMENTS PTY LTD

Oil surge to drive $8.1bn LNG windfall

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Original article by Matt Chambers
The Australian – Page: 17 & 21 : 3-Jul-18

A quarterly report from the Office of the Chief Economist shows that Australia’s resources and energy exports are forecast to top $238.18bn in 2018-19, compared with $226.32bn in 2017-18. Revenue from LNG exports is expected to rise by 12 per cent to $43.5bn, while revenue from coking and thermal coal exports is tipped to be $58.1bn. Iron ore export revenue is forecast to be $57.7bn in 2018-19, while revenue expectations for 2017-18 have been scaled back from $65.3bn to $61.8bn.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. OFFICE OF THE CHIEF ECONOMIST, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Our beautiful coal must rival Trump’s: Canavan

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Original article by Ben Packham
The Australian – Page: 2 : 12-Feb-18

Australia’s coal and LNG exports totalled $A56.5bn and $A22bn respectively in 2017, but Resources Minister Matt Canavan says the US is emerging as a major competitor in Asia. The US currently exports shale gas to Japan, and Canavan says Asian buyers have also expressed interest in US coal. The US has traditionally been a net energy importer, although the Department of Energy has forecast that it will be a net exporter by 2022.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, UNITED STATES. DEPT OF ENERGY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MINERALS COUNCIL OF AUSTRALIA, ENERGYQUEST PTY LTD, AUSTRALIAN LABOR PARTY, AME GROUP PTY LTD, ADANI MINING PTY LTD

LNG surge powers $211b export record

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Original article by Peter Ker
The Australian Financial Review – Page: 5 : 6-Oct-17

Australia’s chief economist Mark Cully expects the nation’s mining and energy exports to top $A211bn in 2017-18. Resources exports totalled $A204m in 2016-17. Cully is particularly upbeat about the outlook for the LNG sector, with expectations that annual export volumes will rise from 36.9 million tonnes in 2016 to 73.8 million by 2019. Iron ore export volumes are also forecast to rise over the next few years, although the value of such exports is expected to fall.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG

States lock away 200 years of gas supply: business

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Original article by Sarah Martin, Anthony Klan
The Australian – Page: 1 & 4 : 28-Apr-17

The Australian Petroleum Production & Exploration Association says the Federal Government’s move to impose LNG export controls could increase the nation’s sovereign risk and discourage investment in exploration and production. APPEA and Resources Minister Matt Canavan have criticised state governments for restrictions on gas exploration, and APPEA estimates that there are sufficient untapped gas reserves in Victoria and New South Wales to meet demand for gas on the east coast for about 200 years.

CORPORATES
AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, SANTOS LIMITED – ASX STO, COUNCIL OF AUSTRALIAN GOVERNMENTS