AGL warns of 2020s Victorian gas shortfall

The Australian reported AGL Executive General Manager Wholesale Markets Richard Wrightson has warned gas supplies from Queensland will start to dry up in the early stages of the next decade and interventionalist policies from the major political parties on exports and imports could dissuade potential investment. “I can understand the desire to look at ensuring …

Santos CEO says no to export controls

In a piece published in The Australian Financial Review, Mr Gallagher argues that if politicians from both major parties continue to attempt to change the rules after investments in export projects have already been made “they increase the prospect of investors assessing Australia as being just too risky a destination for their funds”. Mr Gallagher …

Mahalo gas purchase agreement modified

The two companies made the original agreement in 2014, with the amended deal seeing the sunset date for final investment pushed out to 30 September 2019. Additionally, Comet Ridge and Stanwell also agreed to negotiate a new gas sales agreement for Mahalo gas, which will replace the 2014 deal if successfully concluded. Under the current …

ATCO could add hydrogen to WA gas network

According to The West Australian, ATCO is currently investigating ways to commercialise hydrogen, including producing hydrogen and storing it within the company’s gas network, thereby effectively making the infrastructure a battery capable of storing excess renewable energy. ATCO Australian CEO Patrick Creaghan said a future fall in costs would make the market competitive and the …

APPEA wants more gas not export controls

In a statement released in response to yesterday’s proposal from the federal Labor Party to introduce a permanent trigger on export controls, Dr Roberts said increasing regulation would not solve current market issues. “Trying to regulate prices does not tackle the real problems – the rising cost of producing gas and tightening local supply in …

Federal Labor plans export controls trigger

According to The Australian Financial Review, later today Mr Shorten will announce the ALP’s intention to enact export controls if gas prices become too high based on a benchmark price to be set by the Australian Competition and Consumer Commission. Mr Shorten criticised the Liberal government’s current policies on LNG exporters and said his policy …

MPC completes backfilling on W2BH

After the battle through ground conditions – described as “possibly the worst seen in years” – and a strict policy that saw tests conducted every 250 m, the construction team has completed this phase of the development and kept the project on track for its December 2018 finish date. Under a joint venture consisting of …

Jemena and Senex team up

The AGPP will connect Senex’s new Atlas gas field in the Surat Basin in southeast Queensland with Jemena’s Darling Downs Pipeline and the Wallumbilla Read more

AIE selects LNG import site

The terminal would have the ability to supply in excess of 100 PJ/a, sufficient to meet more than 70 per cent of NSW’s total Read more

Calls for trans-Carnarvon pipeline

Speaking at the conference yesterday, Chevron Australia Managing Director Nigel Hearne said a pipeline running from Woodside’s Scarborough field through to the Burrup Peninsula LNG hub – linking the Scarborough, Pluto, Gorgon, Wheatstone and North West Shelf (NWS) LNG developments – could ensure the resources are developed efficiently. “Imagine a trans-Carnarvon Basin Trunkline as a …