Rystad Energy’s gas and LNG senior analyst Wei Xiong noted the impact of several LNG disruptions on the Australasian market.
Despite disruptions at Australia Pacific LNG due to vessel outages, Title Transfer Facility (TTF) prices were down 8.7 per cent to $13.71 per million British thermal units (MMBtu) on 28 November from last week’s highest level.
Xiong also said that LNG exports from the 9 million tonnes per annum (Mtpa) Australia Pacific LNG (APLNG) facility on Australia’s east coast were presently disrupted, hindering the departure of LNG tanker CESI Qing Dao.
Two cargoes have been delayed so far with more delays possible.
Rystad Energy’s LNG Trade Tracker shows that the plant’s 30-day rolling average utilisation was around 100 per cent as of 27 November compared to 120 per cent a week earlier.
APLNG typically exports one cargo every two to four days, meaning the disruption could impact around 0.3 million tonnes (Mt) of LNG if the problems persist for two weeks.
Feedgas to APLNG has been reduced with increased flows redirected to eastern Australia’s local gas market.
Elsewhere in Australia, Shell’s 3.6 Mtpa Prelude FLNG is expected to restart operations in early December following maintenance which began in late August, with the outage estimated to have impacted about 1 Mt of production.
In mid-November, Chevron’s Gorgon LNG plant resumed operations at its third liquefaction train with 5.2 Mtpa of capacity following an electrical incident last month, which led to a production loss of 0.2 Mt. For 2023 to-date, over 3.7 Mt of production has been lost in Australia due to liquefaction plant outages.
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