Key receives change of work program approval

Key Cooper Basin has successfully applied for a special amendment to the Authority to Prospect 920 and Authority to Prospect 924 work programs to the Queensland Department of Natural Resources, Mines and Energy. Under the new work program, Key will shift the majority of its focus to gas exploration of the Permian reservoirs, which lie …

NWS signs gas deal with Browse, Chevron

The non-binding preliminary agreements will see the gas from the Browse JV and Chevron’s Clio-Acme fields processed through the North West Shelf (NWS) facilities on Western Australia’s Burrup Peninsula. Woodside CEO Peter Coleman said the deal will extend the operating life of the Karratha Gas Plant for decades, as well as make use of the …

Senex backs two natural gas projects

Senex will develop Project Atlas and the Roma North project, both located in Queensland’s Surat Basin, over the next 18 months starting in the first quarter of 2019. The resulting investment will involve the construction of a combined 110 initial wells, two gas processing plants and associated pipeline facilities. Jemena will build, own and operate …

Jemena launches Australia’s largest renewable gas project

Announced yesterday, Project H2GO is a $15 million trial that will use international technology to convert solar and wind power into hydrogen gas, which will then be stored for use across the Jemena Gas Network in New South Wales. ARENA has committed $7.5 million in funding for the project. Jemena Managing Director Frank Tudor said …

Competition and investment to lower gas prices

In a report in The Australian, Deakin Business School Deputy Director of the Centre for Energy, Environment and Natural Disasters Dr Shuddha Rafiq said the LNG export market had more competition than the shallow domestic market where the major players had no incentive to lower prices. “The major producers seem to be more willing to …

Santos signs up for Jemena’s NGP

Under the three-year deal, Santos will transport approximately 8 TJs of gas per day across the $800 million pipeline to local mining and mineral processing operations in the Mount Isa region. With transportation agreements already in place with the Northern Territory’s Power and Water Corporation and more recently Incitec Pivot Limited, the Santos deal means …

China-US tariff dispute could be win for Australian LNG

The decision by the Chinese government came in response to US President Donald Trump imposing his own 10 per cent tax on a host of Chinese imports, including LNG, with a plan to move this to 25 per cent by the end of the year. If the new tariffs go ahead, Australian LNG is likely …

Cooper signs new gas sales agreement with Origin

With the Otway Basin-located JV’s gas sales agreement with Origin set to expire on 31 December 2018, the new deal will see the retailer supplied with gas at current market prices from 1 January 2019 through to 1 January 2020. Cooper Energy Managing Director David Maxwell said the new agreement would provide more gas to …

Venice to push ahead LNG project to match rivals

Following reports this week that AGL Energy was fast-tracking their own import project, The Australian is reporting Venice is following suit with the company preparing to apply for approval from the South Australian government. Despite initial projections of a later date, Venice is now reportedly planning to submit a development application for its Port Adelaide …