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Melbourne Petroleum Club - October 2017 Event

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Young & Jacksons - upstairs dining room

Flinders Street

Melbourne, VIC 3000

Australia

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The next MPC lunch will be on Thursday, October 19 2017. As always, the event begins at 12:30 PM @ Young & Jacksons, corner of Flinders Street and Swanston, across from Flinders station (upstairs dining room). Sorry for the shorter advance notice than usual.

We are please to have Shane Ng from Energy Australia discussing the concept of LNG netback pricing.

The development of multiple LNG export terminals in Australia has indisputably linked our local domestic gas market to international LNG prices. LNG netback is a term that has been frequently used by the media and politicians to describe what one’s view point of a fair domestic gas price is. In light of the current interest on LNG netback pricing, this talk will focus on the broad concepts of netback pricing in relation to gas, with a focus on the east coast of Australia. The talk will also provide of an example of how a netback calculation can be done to compare international and domestic prices.

Shane is a trading analyst at EnergyAustralia working in the wholesale gas team. He joined the energy industry 6 years ago and his experience also includes wholesale pricing and forecasting, market analysis, green trading and retail analytics. He has a keen interest in the domestic gas market and its links to the global market, particularly due to the rise of the LNG export terminals and its impacts on the east coast of Australia. Shane holds a Chemical Engineering degree and a Commerce degree from the University of Melbourne.


As per the last few lunches, we will be having canapés and choice of main courses. Cost for lunch is $55, cash payable at the door with receipts provided. We are limited to 34 attendees, so please RSVP as early as possible.

To discourage the number of no-shows, please note that unless you cancel your confirmed response with reasonable notice, you may be charged the full fees.

As always, we are looking for one or two bar sponsors (for $100). Do let me know if you or your company are feeling generous.

We use the Eventbrite system to keep track of confirmations. Note that the event is not 'Free' as indicated by the webpage (as stated above, fee is cash $55 at door). Please click on the register button on this page.

Regards - and hope you manage to stay warm inspite of the high electricity and gas prices!

Vivek



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Young & Jacksons - upstairs dining room

Flinders Street

Melbourne, VIC 3000

Australia

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