3 10, 2022

Why Natural Gas Prices in Australia Are Unsustainable

By |2022-12-02T14:14:59+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 [...]

2 10, 2022

LNG Share Price: Should I Invest?

By |2022-11-17T21:33:34+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 [...]

27 09, 2022

Gas Prices in Australia: Why Are Prices So High?

By |2022-11-17T21:08:43+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 [...]

20 06, 2022

Australia’s Natural Gas Price Forecast

By |2022-09-02T09:17:04+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 [...]

2 05, 2022

LPG Conversion: What Are the Pros and Cons?

By |2022-09-29T15:28:47+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 [...]

26 04, 2022

How Common Are LNG Exports in Australia?

By |2022-09-12T11:47:34+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 [...]

23 08, 2021

Which Are the Best LPG Gas Suppliers in Australia?

By |2022-07-25T10:40:44+00:00August 23, 2021|Consumer Products and Services, Natural Gas, Natural Gas Prices|Comments Off on Which Are the Best LPG Gas Suppliers in Australia?

Experts predict that Australia’s natural gas industry will be unable to meet domestic demand in the next few years. Renewable energy sources and the swift uptake of grad-scale battery storage is threatening gas-fired power. This could eradicate the need for liquefied petroleum gas (LPG). This could have severe repercussions for Australia’s LPG gas suppliers. What is liquefied petroleum gas? Liquefied petroleum gas is a hydrocarbon gas. It has a very low boiling temperature. Therefore, it is often stored in pressurised [...]

18 08, 2021

The True Environmental Price of Natural Gas (Video)

By |2022-07-25T10:30:34+00:00August 18, 2021|Natural Gas Prices|Comments Off on The True Environmental Price of Natural Gas (Video)

Watch this video to understand the true environmental price of natural gas. Australia’s natural gas industry has long promoted the fuel as a clean energy source. But, after many decades, the industry is likely to stop making this claim. In fact, one fossil fuel executive admitted in 2021 that the industry is "a little on the nose at the moment". That is because it can no longer hide the true environmental price of natural gas. Not only does this industry [...]

21 04, 2021

Australia’s Natural Gas Prices in 2021: Trends, History and Future

By |2022-08-19T16:04:17+00:00April 21, 2021|Natural Gas Prices|Comments Off on Australia’s Natural Gas Prices in 2021: Trends, History and Future

Australia’s natural gas prices 2021 reflect an industry that is out-of-date and in decline. Queensland’s natural gas consumers are currently paying 51 per cent above the equivalent export prices. Natural gas production sets the price for electricity in Australia. Therefore, every electricity consumer is overpaying on their essential bills due to natural gas production. Australia’s National Electricity Market (NEM) Solar and wind power increased the share of renewables in the NEM to 26.4 per cent in 2020. This is up from just 15.6 per cent in [...]