AGL fast-tracking LNG import plan

According to The Australian, AGL has submitted documents to the Victorian government to progress their $250 million import project, with the company expecting gas shortfalls to hit from 2021. “The forecast gas supply shortfall raises the prospect of higher and more volatile prices for Australian customers, reflecting competition for scarcer domestic gas supplies,” said a …

Government gas deal on the cards

In a move that could see LNG projects avoid government intervention, The Australian reported big gas players like Santos, Origin Energy and Shell are expected to recommit to the Australian domestic gas security mechanism, which would see them agree to make gas available at peak demand periods. The deal gives the government the power to …

Wood Mackenzie predicts huge gas price increase

According to The Australian, the consultancy said gas prices could surge as high as $15.90/GJ by 2030, with southern states forced to rely on imported LNG through periods of the year. Wood Mackenzie Director, Gas and LNG Research Nicholas Browne said in a report that Queensland LNG exports had destroyed ability for east coast prices …

Santos to supply gas to Brickworks

The agreement will commence on 1 January 2020 and provide gas for Brickworks operations in Queensland, New South Wales, Victoria and South Australia. Brickworks Managing Director Lindsay Partridge said the agreement would allow the company to have a consistent source of gas at market competitive prices. “The new supply agreement with Santos provides our east …

EnergyQuest expects government intervention on gas

The Australian reported EnergyQuest Managing Director Graeme Bethune said in the firm’s September quarter report that gas producers should prepare for the major political parties to involve themselves in the sector. “East coast gas producers should prepare for heavy-handed political intervention over the next year, regardless of who wins the next federal election, whether the …

CKI backs hydrogen development

With a decision from the Australian Competition and Consumer Commission regarding its proposed takeover of APA Group looming, The Australian Financial Review reported CKI are developing plans to invest in hydrogen projects, with industry heavyweights Woodside Petroleum and Shell also looking at the market. CKI owns gas network operator the Australian Gas Infrastructure Group (AGIG) …

LNG exports hitting highs ahead of gas meetings

The Australian reported the latest Gladstone Port data showed exports have been boosted by 6 per cent to 1.76 million t, which the highest in seven months and represents an annual rate of 20.7 million t/a. The annual rate was the third highest on record and was up 7 per cent from July. The noteworthy …

APGA sees bright future for NT gas

With pipeliners in Darwin for the 50th APGA Annual Convention and Exhibition, Mr Davies said ongoing policy advancement from the NT Government is setting up the industry for success. “The NT Government has investigated the possibility of exploiting shale gas through a rigorous inquiry and wide consultation with the community,” he said. “The government is …

APGA: more to energy policy than just price

Speaking at the South East Asia Australia Offshore and Onshore Conference 2018 (SEAAOC) in Darwin, Mr Davies said some of the reforms – which had been developed after extensive analysis and consultation – had already been implemented and others were on the way. “These major reforms to information disclosure and in arbitration make sure that …

Hydrogen research awarded $22.1m

Research teams from nine Australian universities and organisations have been offered the funding, including the CSIRO and RMIT University. The research projects, which are in the early stages, will cover one of the points in the supply chain – production, hydrogen carrier and end use. The projects include the development of a wide range of …