https://www.reuters.com/article/us-...er-crown-from-qatar-in-nov-idUSKBN1O907N
Quote
SINGAPORE (Reuters) - Australia overtook Qatar as the world's largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.
In November, Australia loaded 6.5 million tonnes of LNG for exports while Qatar exported over 6.2 million tonnes, the data showed.
"It may have come later and at higher cost than originally envisaged, but Australia has taken the crown," said Saul Kavonic, energy analyst at Credit Suisse in Sydney.
Australia will further cement its top position as the final new project in the pipeline, Royal Dutch Shell's Prelude, comes online by next year, though Qatar will not stay idle, said Sanford Bernstein analyst Neil Beveridge.
This has lead to the wholesale gas price rising from $4.50 (Pacific Pesos, about equivalent to a Coors bottle cap each) to $10.50, and home gas prices that are equivalent to heating your home with gasoline...and amazingly companies looking at installing IMPORT terminals to dampen wholesale prices.
A guy I worked with some years ago worked on the gas platforms...Rolls Royce Trents, couple to gas compressors had this ex turbine engineer weak at the knees.
Quote
SINGAPORE (Reuters) - Australia overtook Qatar as the world's largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.
In November, Australia loaded 6.5 million tonnes of LNG for exports while Qatar exported over 6.2 million tonnes, the data showed.
"It may have come later and at higher cost than originally envisaged, but Australia has taken the crown," said Saul Kavonic, energy analyst at Credit Suisse in Sydney.
Australia will further cement its top position as the final new project in the pipeline, Royal Dutch Shell's Prelude, comes online by next year, though Qatar will not stay idle, said Sanford Bernstein analyst Neil Beveridge.
This has lead to the wholesale gas price rising from $4.50 (Pacific Pesos, about equivalent to a Coors bottle cap each) to $10.50, and home gas prices that are equivalent to heating your home with gasoline...and amazingly companies looking at installing IMPORT terminals to dampen wholesale prices.
A guy I worked with some years ago worked on the gas platforms...Rolls Royce Trents, couple to gas compressors had this ex turbine engineer weak at the knees.