High LNG price sends chill up buyers’ spines

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 6-Jan-21

Credit Suisse energy analyst Saul Kavonic says it is possible that there will be a return to double-digit domestic gas prices in 2021. His comments are on the back of North Asian LNG spot prices rising to a six-year high, due to a combination of a supply squeeze and freezing winter temperatures, while the Australian Competition & Consumer Commission is predicting a LNG netback price in February of $15.52 a gigajoule, 78 per cent higher than January.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO

Australia to slip in LNG ranking

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 27-Jun-18

The International Energy Agency’s latest gas market report notes that global demand for natural gas increased by three per cent in 2017. This was primarily due to rising gas consumption in China as part of the nation’s strategy to improve air quality. Meanwhile, the IEA forecasts that the global LNG market will grow by nearly 30 per cent over the next five years. Much of this growth will be due to higher production by the US, which is forecast to supplant Australia as the second-largest LNG exporter by 2023.

CORPORATES
INTERNATIONAL ENERGY AGENCY

LNG shortage to hit soon, says Woodside

Original article by Matt Chambers
The Australian – Page: 17 & 28 : 24-May-18

Woodside Petroleum now expects a global shortage of LNG to occur in 2021, with CEO Peter Coleman warning that supply and demand could be in deficit even earlier. Woodside had previously flagged an LNG shortage in 2023, but it has revised this forecast due to factors such as rising demand in Asian countries other than China. Coleman also says contract prices for LNG buyers on Australia’s east coast are likely to rise.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP BILLITON LIMITED – ASX BHP, CHEVRON CORPORATION

LNG glut may last 10 years

Original article by Matt Chambers
The Australian – Page: 20 : 7-Dec-17

Most analysts expect rising demand for LNG to result in a global shortage by 2023. However, Macquarie Group has forecast that the current global oversupply could potentially last until 2027. The prospect of increased output by countries such as the US, Russia and Qatar are among the factors that could contribute to the oversupply being sustained for longer than anticipated. Meanwhile, new data shows that the three LNG projects in Queensland shipped 1.704 million tonnes in November, compared with 1.68 million tonnes in October.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, ROYAL DUTCH SHELL PLC, SANTOS LIMITED – ASX STO, ENN GROUP

LNG oversupply could spell gory end for coal

Original article by Jens Meyer
The Australian Financial Review – Page: 33 : 25-Feb-16

A recent report from the World Bank forecast that the price of Australian thermal coal will rise to $US58 per tonne by 2020. The price of coal exported from Newcastle was trading at $US40 a tonne in late February 2016, having peaked at almost $US130 a tonne in 2011. Macquarie believes that consumption of thermal coal may have peaked, and it warns that a global oversupply of LNG could further reduce demand for coal.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, OIL SEARCH LIMITED – ASX OSH, WORLD BANK

Flagging energy in LNG sector tipped to last until 2022-23

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 20 : 1-Jul-15

Citigroup is bearish about the outlook for the LNG industry, forecasting that a global oversupply will be sustained until at least 2022. The firm also expects growth in spot and contract prices for LNG to remain subdued in the long-term. Meanwhile, it anticipates that a number of projects in the sector will be delayed, including the Woodside Petroleum-led Browse floating LNG venture and ExxonMobil’s Papua New Guinea project.

CORPORATES
CITIGROUP INCORPORATED, WOODSIDE PETROLEUM LIMITED – ASX WPL, EXXONMOBIL CORPORATION