Skip to main content

Australia trims 2020-21 LNG export forecasts on COVID-19, production issues

By Unknown
Australia has cut forecasts for the country's LNG exports for 2020-2021 (July-June) by some 6% to 75.6 million mt, citing the expected impacts of both the COVID-19 pandemic and domestic technical issues.

If realized, the forecast for the current fiscal would see volumes fall by 3.7 million mt year on year. They are expected to recover in 2021-2022 to 80.1 million mt, the Department of Industry, Science, Energy and Resources said Sept. 28 in a report.

In the December edition of the report, which came out prior to the widespread impacts of COVID-19, the department had forecast 2020-2021 Australian LNG exports to be as high as 81.3 million mt.

The latest edition noted that Australia's average capacity utilization is expected to fall in calendar 2020 on the back of some buyers having exercised rights to reduce contracted purchases by around 10%. Some of these volumes have been replaced by cheaper spot cargoes, it noted.

"Cargoes have also been delayed, several plants have undergone extended maintenance, and two LNG plants have faced technical issues," the report said.

Shell's Prelude FLNG has been shut since February due to technical issues and while the company has said the process to restart operations has begun, there has not been an official restart date set. The project, which shipped its first cargo in June last year, had still been ramping up to its nameplate capacity of 3.6 million mt, the Canberra-based unit said.

The other project facing issues is Chevron's Gorgon LNG, which is undergoing phased shutdowns because of the discovery in cracks in its heat exchangers.

"There is a risk of extended shutdowns in further cracks are discovered in these trains," the department said.

Comments

Post a Comment

Popular posts from this blog

Increased risks of drop out for women and girls : CoronaVirus Updates

By Unknown
The total number of children not returning to their education after the school closures is likely to be significant. The pandemic also risks jeopardizing some of the gains made since 2001 in re-building women and girls’ education following the Taliban regime.  The COVID-19 pandemic is creating additional barriers due to risks—and students’ and parents’ anxiety about risks—associated with children returning to classrooms that are cramped, with no capacity for distancing, often cold, damp and poorly ventilated during the country’s severe winters, and have no or poor hygiene and clean water facilities. The COVID-19 pandemic is likely to drive many women and girls out of education permanently. School closures due to COVID-19, resulting increases in caregiving responsibilities for women and girls, and increases in poverty and unemployment will all make it harder for women and girls to study.  These factors combine in harmful ways with pre-existing discriminatory gender norms, o...
Post a Comment
Read more

We are all in this fight together!! Let's spread love and build confidence.

By Unknown
Dear All,   Whenever you find a Person Infected with Covid 19 in your neighbourhood or near your workplace, being taken to Quarantine/Isolation Centre in an Ambulance, pls do not take Video or Pictures, infact discourage the person who you find is making a video or taking photos. Don’t embarrass the person! Instead stand in your Balcony or at your Window or your Gate a few feet away and give him/her a thumbs up, Wish him/her good luck and a Speedy Recovery. Because the way the virus is spreading, soon you will find a Ambulance, in front of everybody’s Gate / Door.  Please understand what this person must be going through.  Please   1. Respect him/her  2. Pray for Him/her  3. Make him/her feel you are a good human being  4. Do not spread panic and “fear of insult” among others.    The person is just unwell, not a criminal. He will get cured but the memory of how people treated him, will stay with him forever!!   We are all in...
Post a Comment
Read more

US records 1,509 deaths in past 24 hours

By Unknown
The United States recorded 1,509 deaths related to the coronavirus pandemic over the past 24 hours, according to a tally by Johns Hopkins University as of 8:30 pm Monday (0030 GMT Tuesday). The number of  fatalities  was similar to the previous day's toll of 1,514. The outbreak has now claimed the lives of at least 23,529 people in the US, the most of any country. The United States has more than 550,000 people infected with the virus, according to the Centers for Disease Control and Prevention (CDC). New York's governor declared Monday that the "worst is over" for the state, despite deaths passing 10,000, as several states began devising a plan to reopen their shuttered economies. President  Donald Trump  tweeted that any decision to end shutdowns rested with him, even though it was individual governors who rolled out the lockdowns. America's federal system of government delegates powers to the governors of the 50 states, but the president in theory can use ...
Post a Comment
Read more