Rebekah's Feed
Aug 24, 2011

Asia Coal-Australia thermal coal prices flat in thin market

PERTH, Aug 24 (Reuters) – Australia’s thermal coal prices, a
benchmark for Asia, were flat at just over $120 per tonne in the
week ending Tuesday, as weak demand kept trading thin.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $121.19 per tonne on Tuesday, steady against $121.02
per tonne a week earlier.

Aug 23, 2011

Analysis: China gas tax rebate may nudge spot LNG imports up

PERTH/SHANGHAI (Reuters) – A tax rebate on natural gas imports may accelerate China’s purchases of liquefied natural gas, but only marginally given high prices for spot supplies and the nation’s policy of using long-term contracts.

Spot LNG prices in the Pacific have risen over 50 percent since March to more than $15 per million British thermal units (mmBtu), well in excess of the $8.28/mmBtu average price China paid for LNG imports in July.

Aug 19, 2011

Global LNG-Asian LNG prices rise above $15/mmBtu on demand

PERTH/LONDON, Aug 19 (Reuters) – Asian liquefied natural gas
(LNG) spot prices for September rose above $15 per million
British thermal units (mmBtu) during the week, with strong Asian
demand keeping prices high.

“Asian markets were holding just north of the $15 level for
cargoes as the demand for LNG continues to ramp up,” ICAP
analysts said in a note.

Aug 18, 2011

Asia Coal-Australia thermal coal prices up slightly, thin trade

PERTH, Aug 18 (Reuters) – Australia’s thermal coal prices
inched up slightly in the week to Wednesday, with little demand
for spot cargoes as the nation’s primary customers, Japanese
buyers, continued to show less interest in spot cargoes.

Thermal coal on the globalCOAL Newcastle index, a benchmark
for Asia, closed at $121.26 per tonne on Wednesday, up slightly
from $119.66 a week earlier.

Aug 9, 2011

Asia Coal-Australia thermal coal prices steady

PERTH, Aug 9 (Reuters) – Australia’s thermal coal prices
remained flat around the $120 per tonne level in the week to
Monday as demand in the region failed to strengthen.

Thermal coal on the globalCOAL Newcastle index, a benchmark
for Asia, for the week to date was $120.18 per tonne on Monday,
down from $120.50 a week earlier.

Aug 5, 2011

Global LNG-Asian LNG Sept demand filled, buyers look to winter

By Rebekah Kebede and Oleg Vukmanovic

PERTH, Aug 5(Reuters) – Asian liquefied natural gas (LNG)
spot prices for September remained just under $15 per million
British thermal units (mmBtu) during the week, with most buying
for the month done, and buyers looking to fill cargoes for
October and beyond.

“The demand has been filled… September buying seems to be
done now,” one market source said.

Jul 28, 2011

Australia’s Origin makes final investment decision on APLNG

PERTH, July 28 (Reuters) – Origin Energy and
ConocoPhillips approved the $14 billion first phase of their
Australia Pacific LNG export project on Thursday, joining a
crowded field of LNG developers struggling to keep costs for
labour and materials in check.

The joint venture is focusing on the first train, which is
expected to start in 2015, as Australia Pacific LNG secures
customers for the second LNG train, which will come online in
2016, the company said.

Jul 26, 2011

Asia Coal-Australia thermal coal prices steady in slow market

PERTH, July 26 (Reuters) – Australia’s thermal coal prices,
a benchmark for Asia, were steady in the past week as demand
from Japan remained flat and Chinese demand waned.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $120.63 per tonne on Thursday, essentially unchanged
from $120.75 per tonne a week earlier.

Jul 22, 2011

Analysis: Australia shale gas heats up, but output still far off

PERTH (Reuters) – Australia’s fledgling shale gas sector is picking up steam, but significant production is still at least a decade away, even if the industry clears hurdles such as high costs, a growing shortage of labor and environmental concerns.

Global shale gas exploration and production has taken off in recent years, particularly in the United States, where rising production has cut the need for the world’s largest economy to import gas, instead turning the country into a gas exporter.

Jul 15, 2011

BHP Billiton swoops on Petrohawk for $12.1 billion

SYDNEY/PERTH (Reuters) – Top global miner BHP Billiton will buy U.S. Petrohawk Energy Corp for $12.1 billion in cash, ramping up its bets on the booming but environmentally controversial shale gas industry.

At $38.75 a share, BHP is offering a 65 percent premium to Petrohawk’s closing stock price on Thursday. The deal follows BHP’s $4.75 billion purchase of Chesapeake Energy’s interest in an Arkansas shale gas field in February.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
    • Follow Rebekah