Australian LNG

Qatar is increasingly isolated as neighboring states blockage its ships and aircraft.

Via AFR: A doubling in short-term gas prices on the east coast is taking a huge toll on demand from industrial users as they get priced out of the market and switch to other fuels or cut back use, according to an industry expert.

Dalian holding up today: Big Iron is falling anyway: Big Gas too on weak oil: STO is headed for Hades.

The Australian Coal Seam Gas (CSG)-to-Liquid-Natural-Gas (LNG) industry began auspiciously, with its champions promising export revenue, royalties and jobs.

Via The Age comes insanity turned normal: Victoria is angling for a massive floating liquefied natural gas import facility to allow the state to buy gas from overseas to help tackle a serious supply crisis.

Via The Australian: Rising global gas production and falling spot prices are believed to have vastly improved the economics of an LNG import terminal being studied by AGL Energy, whose plans have sparked widespread interest from international gas sellers.

Dalian is mixed today: BHP has announced that Mt Whaleback will not impact output.

Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder: Big iron ore down a little but not enough.

Right on cue, the ASX has sunk to new lows below 5700 in its building correction: Big Iron is up: Big Gas down: Big Gold firm: Big Debt is still sinking: And Big Liar: We await China re-opening tomorrow.

No China today so the crapped out ASX is left to deflate all by itself.

Well done OPEC: OPEC agreed to extend production cuts through the first quarter of next year, as many had expected, but in traders’ eyes that wasn’t enough.

Via The Australian: Indian energy giant Adani will be offered a reworked royalties deal at a discounted rate during the early years of coal production at its $16.5 billion Carmichael coalmine, after a meeting of senior Queensland cabinet ministers last night.

Via Citi: Citi continues to believe that the market is mispricing the potential impact of a 6-month roll-over to the current OPEC deal, and it is this that should provide the impetus for higher prices and a firming curve structure.

Dalian is soft today: No obvious reason for it beyond good sense and the looming wipe out of Noble Group which may be forced into inventory liquidations!…Big Iron has eased: Big Gas is firm on OPEC: WPL and OSH look bullish on the charts but they’re still way overvalued assuming $65 oil.

Let it go: Indian coal aspirant Adani has delayed an investment decision on its Carmichael coal mine after claiming the Queensland Government did not clarify the royalty regime the mine would operate under.

There really is no accounting for people.

Via Gotti today: Energy anger is Australia is rising rapidly.

Dalian is stable so far today: Big Iron is rallying as CS tells all that iron ore is going back to $70.

Dalian as given up overnight gains: Big Iron is mixed with the really dumb RIO trade holding it up while others whither: Because this time RIO is different (shakes head).

Dalian is having its own little party today as it pretends that China is stimulating again: That has given the disco biscuit teens at big brokers the excuse they need to buy Big Iron: Looks like RIO is pricing the next China boom.

From the AFR: Gas industry leaders have sought to paper over the cracks that have split the sector under political pressure over east coast gas shortages, with the chief executives of Santos and Origin Energy calling for unity to find a collective solution to balance LNG export and local gas demands.