29 03, 2023

Natural Gas Prices in Australia: What Factors Affect Them? (Video)

By |2023-07-14T10:39:41+00:00March 29, 2023|Natural Gas Prices|Comments Off on Natural Gas Prices in Australia: What Factors Affect Them? (Video)

Using a bunsen burner in science experiments has been a key part of the national curriculum in Australia for generations. However, that is now changing. New schools in Victoria will have their gas heating connections switched off, and students will use electric hot plates for experiments instead. The reason for this is not just rising natural gas prices but also concern about the impact of gas on the environment. Natural gas prices are a big deal for Australians. In recent [...]

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3 10, 2022

Australian Gas Prices: What Can We Expect in Terms of Volatility?

By |2023-07-10T14:48:12+00:00October 3, 2022|Natural Gas Prices|Comments Off on Australian Gas Prices: What Can We Expect in Terms of Volatility?

Soaring gas prices are hitting Australian households and businesses hard. It is the country's reliance on dirty, expensive fossil fuels that is responsible for these eye-watering prices, according to the Australia Institute. Gas producers are enjoying windfall profits while billpayers are exposed to volatile global prices. The government is responding by approving new gas projects in Australia. But when expensive gas is the source of the crisis, this plan is risky. "Australians are paying the price for a decade of [...]

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3 10, 2022

Why Natural Gas Prices in Australia Are Unsustainable

By |2023-07-10T14:48:21+00:00October 3, 2022|Natural Gas Prices|Comments Off on Why Natural Gas Prices in Australia Are Unsustainable

Natural gas prices in Australia make little sense. Australia is the world’s largest exporter of liquefied natural gas (LNG). Yet, domestic gas prices have risen from around AUD $4 per gigajoule (GJ) to almost AUD $30 per GJ since LNG exports at Gladstone, Queensland began in 2015. In the years that followed, east coast gas users also paid prices significantly higher than export parity prices. This unsustainable situation is damaging both Australia’s industry and its communities. It is also damaging [...]

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2 10, 2022

LNG Share Price: Should I Invest?

By |2023-07-10T14:48:42+00:00October 2, 2022|Natural Gas Prices|Comments Off on LNG Share Price: Should I Invest?

Has the LNG share price caught your eye as an investor? Be careful! The international gas market is notoriously volatile. For a strong investment for the future, renewable energy is a safer bet. What is LNG? The gas industry chills natural gas to a liquid state to create liquefied natural gas (LNG). This makes it easier to store and transport for export. Many countries do not have pipelines to import natural gas. Therefore, gas exporters transport LNG to them on large [...]

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27 09, 2022

Gas Prices in Australia: Why Are Prices So High?

By |2023-07-10T14:51:04+00:00September 27, 2022|Natural Gas Prices|Comments Off on Gas Prices in Australia: Why Are Prices So High?

Wholesale gas prices in Australia are way up from their 2021 level. For east coast markets, the average price for the second quarter of 2022 was AUD $28.40 per gigajoule (GJ), up 246 per cent year-on-year. This price broke the previous record, set in the September quarter of 2021, almost three times over.  South Australia and the gas gap South Australia does not produce much gas, so it is mainly sourced from Victoria, Queensland and the Cooper Basin. However, this is not [...]

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12 09, 2022

What Is the Future of Gas Companies in Australia?

By |2023-07-14T08:59:52+00:00September 12, 2022|Corporations, Natural Gas, Natural Gas Prices|Comments Off on What Is the Future of Gas Companies in Australia?

Australia has the highest solar capacity per capita in the world. As of June 2022, it had more than 3.19 million solar installations. Partly thanks to this development, in 2021, 32.5 per cent of the country’s electricity came from renewable energy. But, the Australian government is still subsiding gas companies with billions of dollars for new gas projects and expansions, propping up this polluting and expensive industry. Australia is a party to the Paris Climate Agreement. This international treaty legally [...]

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11 08, 2022

Why Is It So Hard to Get Cheap Gas These Days?

By |2023-07-14T08:51:13+00:00August 11, 2022|Fossil Fuels, Natural Gas, Natural Gas Prices|Comments Off on Why Is It So Hard to Get Cheap Gas These Days?

Soaring gas prices are making headlines worldwide. Australia has plenty of gas and is one of the world's largest producers. So, where has all the cheap gas gone? In Australia, wholesale power prices doubled in the year to March and have since doubled again. Earlier this year, gas was trading at approximately AUD $10 a gigajoule. By late May, wholesale prices in Victoria soared 80 times that level, reaching AUD $800 per gigajoule. The situation was so severe that the Australian [...]

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20 06, 2022

Australia’s Natural Gas Price Forecast

By |2023-07-10T15:10:04+00:00June 20, 2022|Natural Gas Prices|Comments Off on Australia’s Natural Gas Price Forecast

The natural gas price will stay high in all states except Western Australia (WA) forecast the Reserve Bank of Australia (RBA). Gas producers sell the fuel on long-term contracts and wholesale, and prices in both markets will likely remain higher than the pre-2015 level. Therefore, it is doubtful that gas users will ever enjoy domestic prices of AUD $4 per gigajoule again. The gas industry in Australia is troubled by more than just this high price forecast for the domestic market. Natural gas comes at a [...]

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2 05, 2022

LPG Conversion: What Are the Pros and Cons?

By |2023-07-10T15:13:57+00:00May 2, 2022|Natural Gas, Natural Gas Prices|Comments Off on LPG Conversion: What Are the Pros and Cons?

Liquefied petroleum gas (LPG) is a hydrocarbon fuel, also known as autogas. In Australia, it primarily consists of propane, but, in other countries, it may contain butane as well. Cars with an internal combustion engine that typically run on petrol can run on LPG instead. To do so, they must have a LPG conversion. Between August 2006 and 30 June 2014, the Australian government encouraged LPG conversions through its LPG Vehicle Scheme. It provided a grant of up to AUD [...]

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26 04, 2022

How Common Are LNG Exports in Australia?

By |2023-07-14T10:11:35+00:00April 26, 2022|Greenhouse Gases, Natural Gas, Natural Gas Prices|Comments Off on How Common Are LNG Exports in Australia?

Liquefied natural gas (LNG) is natural gas chilled to around -161°C to make it a liquid. In 2021, Australia was the world’s biggest exporter of LNG after shipments hit a record high. The fossil fuel industry portrays natural gas and its products as a “cleaner” energy source. They say it produces “less carbon emissions and fewer pollutants than other naturally occurring fossil fuels”. But, this is not true. Despite LNG being touted as cleaner than coal, once we consider the [...]

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