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2018-10-03 08:25:00

AUSTRALIA'S RESOURCE EXPORTS: $182 BLN

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN

REUTERS - Australia's government expects the nation's resource and energy exports to hit a record of A$252 billion ($182 billion) in 2018-2019, buoyed by climbing prices for commodities such as natural gas and by a weaker Australian dollar.

However, the country's Department of Industry also said in a report that the value of such exports would edge back to around A$238 billion in 2019-2020 even as volumes rise again, pulled down as growing global supply and concerns over demand pressure prices. The figure for 2017-18 was A$227 billion.

"While global economic growth, industry production and manufacturing output have continued to grow strongly so far in 2018, there are some concerning signs for resource and energy commodity producers, particularly with rising global trade tensions," the department said in the report, released on Tuesday.

China and the United States have been bogged down in a tit-for-tat trade dispute that has hit global markets and stoked worries over the outlook for the global economy.

China buys just over half of Australia's commodity exports, followed by Japan, then South Korea.

Australia expects prices for steelmaking material iron ore to fall to around $52 a ton on a free on board basis in the 2019 calendar year and $51 a ton in 2020, as China's steel production moderates, down from $59.40 this year.

Still, Australia's iron ore exports are expected to increase to 878 million tons in 2019-2020 from 869 million tons this financial year and 849 million tons in 2017-2018, driven by a ramp up in production from the country's largest producers.

But the overall value of iron ore exports is expected to drop to $56 billion in 2019-2020 from $61 billion in 2017-18.

The government said prices for metallurgical coal would average $159 a ton in the 2019 calendar year, trimming a forecast drop to $156.80 that it made in June. That would also be down from the $201 a ton it sees for 2018.

It also said that prices for the commodity would average $145 a ton in 2020, less than an earlier forecast of $147.90.

For the first time, the department offered an outlook for lithium, used to make batteries for electric cars. Australia accounts for 17 percent of the world's lithium production.

Australia's exports of spodumene, the raw material for lithium, are expected to rise to around $1.1 billion by 2020, from $780 million in 2017 and $117 million in 2012.

Five large plants are planned or under construction in the state of Western Australia that will turn spodumene into intermediate products for the lithium industry such as lithium carbonate or hydroxide.

That investment pipeline will ensure Australia shifts rapidly beyond concentrate production to becoming a refiner of "significant scale" by the early 2020s, the government said.

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Earlier:

 

 Australia
2018, October, 1, 11:00:00

AUSTRALIA'S SANTOS: DOUBLE PRODUCTION

REUTERS -India’s annual economic growth surged to a more than two-year high of 8.2 percent in the three months through June, giving Prime Minister Narendra Modi’s government a political boost in the final year of his term before elections.

 Australia
2018, August, 22, 12:35:00

SANTOS BUYS QUADRANT: $2.15 BLN

REUTERS - Australian oil and gas firm Santos Ltd said on Wednesday it has agreed to buy privately held Quadrant Energy for at least $2.15 billion, bagging access to what may be the biggest oil find off Western Australia in over two decades.

 Australia
2018, June, 20, 12:15:00

EXXON - AUSTRALIA LNG

PLATTS - ExxonMobil's planned LNG import project in Victoria will compete with AGL's planned LNG import terminal in the same state -- at Crib Point near Melbourne -- projected to come online by financial year 2020-2021, and AIE's project next door in the state of New South Wales, potentially at Port Kembla, Newcastle or Port Botany, expected by as early as 2020.

 Australia
2018, June, 15, 10:40:00

AUSTRALIA'S LNG INFRASTRUCTURE

REUTERS - The issue comes down to how quickly to build a shared infrastructure system that would include a major trunk pipeline for transporting gas from mammoth new offshore fields owned by various companies in northwest Australia.

 Australia
2018, June, 15, 10:35:00

CHEVRON STARTED IN AUSTRALIA

REUTERS - Chevron Corp has started producing liquefied natural gas (LNG) at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays.

 Australia
2018, June, 6, 11:55:00

AUSTRALIA'S ECONOMY UP

BLOOMBERG - Gross domestic product advanced 1 percent from the prior quarter, with overseas shipments accounting for half the expansion, the Australian Bureau of Statistics said in Sydney Wednesday. Economists had forecast a 0.9 percent gain. The economy expanded at an annual pace of 3.1 percent, also beating estimates for a 2.8 percent increase.

 Australia
2018, April, 6, 18:05:00

SANTOS TAKEOVER: $10.4 BLN

REUTERS - Australian gas producer Santos Ltd (STO.AX) said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017

 

 

 

Tags: AUSTRALIA, GAS,
AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:55:00

OIL PRICE: NEAR $63

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:45:00

OIL FOR CHINA: 12.05 MBD

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:40:00

CHINA'S GDP GROWTH 6.6%

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:35:00

FLAT US E&P CAPEX

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

All Publications »

Chronicle:

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN
2019, January, 21, 11:25:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN
2019, January, 21, 11:20:00

FASTEST RENEWABLE GROWING

U.S. EIA - EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years.

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

AUSTRALIA'S RESOURCE  EXPORTS: $182 BLN
2019, January, 21, 11:10:00

RUSSIA, SERBIA NUCLEAR

WNN - Russia and Serbia have signed an intergovernmental agreement on cooperation in nuclear energy and a joint statement on strategic partnership for the construction of a centre of nuclear science, technology and innovation.

All Publications »