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Australia: LNG imports to result in higher energy prices?

This study looked at two scenarios: domestically sourced gas from either Queensland’s Bowen and Surat Basins or the Northern Territory’s emerging Beetaloo Basin, transported to southern markets via new and existing pipelines; or internationally sourced LNG through two proposed LNG import facilities at Port Kembla in NSW and Geelong in Victoria. The results showed that gas prices would be higher for both residential and industrial customers in Sydney, Melbourne and Adelaide if they relied on imported LNG rather than domestically sourced gas.

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Past-gas

Powering past gas: can Australia meet its energy needs without new gas?

Another recent report feeding into the Australian natural gas debate. This report does not hide its opposition to natural gas, referring to gas as a “dangerous fossil fuel” and insists that Australia can reliably meet its energy needs without new gas.

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LNG-markets

Monitoring the European LNG market developments (updated June 10)

As of March 2024, 19 global liquefaction projects are under construction and set to boost LNG production by circa 200 million tonnes by 2030 (despite the recent US pause on granting new LNG export licenses). This production capacity increase equals roughly 50% of current global LNG trade and stands to reduce LNG market tightness and stabilise prices. Source: Pedro Cespedes, ACER

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