You can’t have any gas. And it is beyond inefficient and climate-destructive to send Aussie gas to Europe. But Europe is getting Aussie gas to warm itself anyway.
At least three vessels carrying LNG from Oman and Australia are heading west for delivery, with one sailing through the Red Sea, ship tracking data showed on Monday, as higher prices in Europe continue to draw more supplies.
…Additionally, an LNG vessel that departed Wheatstone, Australia, on February 5-6 is making a rare voyage to Europe, and is set to arrive at Dunkirk in France on March 7-8, the data showed.
The Elisa Ardea is a new ship put on long-term charter for French utility EDF, said Alex Froley, senior LNG analyst at ICIS.
If the Elisa Ardea completes the voyage to France, this would be the first Australian cargo to Europe since the Woodside Rees Withers took one from the Northwest Shelf to Gate in Rotterdam in November 2022, he added.
However, he does not expect more Australian LNG to head to Europe as the ship is probably being repositioned from the Pacific to the Atlantic for US shipments to Europe.
Meanwhile, local spot gas prices are still at nosebleed levels above $14Gj.
The only pipelines on the East Coast pumping near capacity are those going to North Asia via Curtis Island.
All south-going pipelines (SWQP, MAPS, VNI, EGP) are full of slack (MSP is full for once, but has been slack for weeks) when we should be refilling greatly expanded gas storage with QLD gas for winter in the southern states.
Instead, we are preparing LNG imports that today will cost…wait for it…$26Gj and all local prices will rise to meet import parity as the export cartel further restricts supply.
Sending electricity prices absolutely mad.
Write to your MP and demand East Coast gas reservation plus an export levy that kicks in above $7Gj.
Or you and everybody you know are going to get materially poorer from 2026 onward.
