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2017-07-21 09:00:00

AUSTRALIAN LNG UP

AUSTRALIAN LNG UP

AUSTRALIAN LNG PROJECTS 2012 - 2020

 

PLATTS - Australia's LNG exports in fiscal 2017-2018 (July-June) will be 63 million mt, after it crossed, for the first time, 50 million mt in fiscal 2016-2017, energy consultancy EnergyQuest said in its forecast on Wednesday.

The consultancy's export forecast of 63 million mt for the current fiscal falls marginally below the Australian government's forecast of 63.8 million mt, which it lowered from 67.6 million mt earlier this month.

Australia shipped a total of 51.4 million mt of LNG last fiscal, with increase in production from almost every Australian LNG project, EnergyQuest said.

"The exceptions were Darwin LNG, which was down by 0.9 million mt, and QCLNG, down by 0.7 million mt, compared to their previous 12 months' performances," EnergyQuest CEO Graeme Bethune said.

In June, Western Australia-based Pluto LNG, Darwin LNG, and Queensland's Australia Pacific LNG all produced above their nameplate capacities, EnergyQuest said.

The consultancy said that Australia's LNG exports will increase in the coming months, with Gorgon shipments out of WA now accelerating, WA's Whetstone plant set to commence LNG production next month, with first exports in September this year, and Darwin's Ichthys project due to commence production in 2018.

A delay in Inpex's Ichthys start-up from late 2017 to March 2018 was highlighted by the government's department of industry, innovation and science as a reason for it lowering its forecast by 3.8 million mt in its resources and energy report for the June-quarter released this month.

EnergyQuest said that on the international sales front, Japan, China and South Korea continue to be the dominant destinations for Australian LNG exports, together constituting 91% of the country's June exports.

"Australia continues to be the largest LNG supplier to Japan and China, and the second-largest to [South] Korea, after Qatar," it said.

"For May, Australia supplied 44% of Chinese LNG imports, 31% of Japanese imports and 21% of [South] Korean imports," the consultancy added.

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Earlier: 

AUSTRALIA - CHINA LNG UP 

AUSTRALIAN LNG CONTROL 

AUSTRALIAN LNG INFLATION 

AUSTRALIAN LNG: 25 MLN MT 

AUSTRALIAN LNG UP TO 2% 

LNG: BIG AUSTRALIA 

AUSTRALIAN LNG: $400 BLN DOWN

 

Tags: AUSTRALIA, LNG, GAS

Chronicle:

AUSTRALIAN LNG UP
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DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

AUSTRALIAN LNG UP
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

AUSTRALIAN LNG UP
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

AUSTRALIAN LNG UP
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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