Australian LNG

The Australian has a consistent viewpoint on the use of gas that is clearly destructive to the Australian economy (and, therefore, itself).

Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE.

The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market.

The cartel is back, baby.

Some nice new charts from IEEFA on the great gas gouge.

Sell Abu Dhabi half of Santos. Or some fraction of that makes sense to the national interest. We must all remember the history of this evil firm. As explained by The Australian in 2017 (below), Santos built two LNG export trains out of Gladstone, Queensland, without enough gas to meet export contracts.

It was disappointing to see the Queensland’s Liberal-National government oppose exporting more gas to Victoria, claiming that it doesn’t have the gas supply capacity to keep “bailing out Victoria’s bad decisions”.

Ah, the gas cartel, that wondrous beast that knows no bounds of decency. Via Petroleum Australia: Australia Pacific LNG (APLNG), the country’s largest liquefied natural gas exporter on the east coast, has agreed to a substantial price reduction under its flagship 7.6 million tonne per annum contract with China’s Sinopec.

There goes the hope for curing all of the East Coast’s energy problems.

The Albanese government is captured and is gutless: A gas reservation scheme that is implemented only on a prospective basis would do little to solve Australia’s east coast gas shortage, experts warn.

The Queensland state government on Wednesday announced the opening up of nine new areas for gas exploration across the Cooper/Eromanga and Bowen/Surat Basins to boost future supply.

In a hopeful turn of events, the Albanese government is considering imposing an East Coast gas reservation policy.

The International Energy Agency, in its latest oil market report, raised historical demand estimates.

In the early 2010s, the federal Labor government made the disastrous decision to allow the export of liquefied natural gas (LNG) from Queensland without forcing gas companies to first supply Australians.

Blah, blah.

First it was China, now it is Japan.

Now this is some good news on gas for once.

When the deeply conflicted Saul Kavonic is the go-to guy for media energy analysis, no country could survive.

Remember, gas often sets the price of electricity in the wholesale market, so this debate is immense.

Propaganda is maddening in its resistance to all truth.

This is not good news.

JKM LNG futures are still signalling gasmageddon for Australia later this year.

If Albo’s idiots have any brains at all, they will immediately spend their Trump windfall of political capital on embracing Peter Dutton’s gas reservation policies.