The Federal Government has announced it will invest a further $50.3 million in seven priority natural gas projects, as well as key carbon capture and storage infrastructure, under the Future Gas Infrastructure Investment Framework. Minister for Industry, Energy and Emissions Reduction, Angus Taylor, said the government was working with industry to accelerate priority projects to ensure Australia does not experience […]
The latest project news, developments and opinion pieces from industry experts in Australia’s gas industry.
Esso Australia, a subsidiary of ExxonMobil, has made a major joint venture investment announcement to expand gas supply from the Gippsland Basin offshore Victoria. Esso has made a final investment decision to develop additional gas from the Gippsland Basin Kipper field to help secure supply for the Australian domestic market. Esso Australia is also advancing funding decisions to optimise production […]
The Australian Competition & Consumer Commision’s (ACCC) latest gas report has revealed that domestic gas contract prices for commercial/industrial users in 2022 increased from $6-8/GJ in late 2020 to around $7-9.50 by mid-2021, amidst fears of supply shortfall in southern states. Australia’s east coast spot market prices in recent months have been around $10-11/GJ, as record high prices are seen […]
The Hunter Power Project, a 660MW gas power plant, has officially been granted environmental approval, allowing for construction to begin on the Kurri Kurri-based project. The Federal Government is providing up to $600 million in equity to support the gas-fired power station, after setting a target for an extra 1,000MW of dispatchable energy in New South Wales following the Liddell […]
The Australian Competition and Consumer Commission (ACCC) has issued a determination that will allow the four owners of the Mereenie gas field in the Northern Territory to make joint market arrangements. Central Petroleum, Macquarie Mereenie, New Zealand Oil and Gas, and Cue Energy are currently the joint venture partners in the field. The basin is located in the Amadeus Basin, […]
Natural gas production in the United States has been steadily increasing for almost a decade – made possible by oil and gas companies that extract valuable hydrocarbons trapped deep underground. In natural gas production, a well is sunk and made ready for production, and companies like Blue Racer Midstream process the unfiltered natural gas flowing from the well into products […]
In the lead up to the 2022 Australian Domestic Gas Outlook conference, some of the speakers were asked to address the issue of net zero. The Paris climate conference (COP21) in December 2021 drew more attention to emissions from fossil fuels, but the rise of ESG is part of a general recognition that climate change fundamentally impacts energy use and […]
The Queensland Government has released the Bowen Basin Pipeline concept study, outlining how a gas pipeline in the Bowen Basin could potentially bring environmental and economic benefits for the state. Queensland Resources Minister, Scott Stewart, who released the Bowen Basin Pipeline concept study, said, “The answer to domestic gas shortages and supporting our manufacturers is more gas production here in […]
Hydro Tasmania has notified the Australian Energy Regulator (AER) of an access dispute with the Tasmanian Gas Pipeline (TGP). The dispute is regarding the terms of a new contract to provide the Tamar Valley Power Station with gas pipeline access. Acting CEO, Ian Brooksbank, said that under the National Gas Rules, this referral is a step to allow Hydro Tasmania […]
The Australian Energy Market Operator (AEMO) has forecast the country’s energy supply throughout summer to be sufficient and meet reliability measures across the National Electricity Market (NEM), revealed in its new Summer 2021-22 Readiness Plan. AEMO prepares a summer plan every year, collaborating with generation owners and transmission network providers, federal and state governments, and key agencies to actively manage […]
The Federal Government has released the 2021 National Gas Infrastructure Plan (NGIP) and the Future Gas Infrastructure Investment Plan, aiming to identify a pathway for Australia’s gas supply and infrastructure up to 2041. The 2021 NGIP identifies actions to ensure more gas can be delivered at lesser cost, aiming to keep prices internationally competitive. Key findings of the NGIP include: […]
The development of the Australian hydrogen industry has reached a milestone with the beginning of a two-year trial which will blend clean hydrogen into New South Wales’ gas networks. Minister for Industry, Energy and Emissions Reduction, Angus Taylor, has welcomed the development from energy infrastructure company Jemena, which is producing hydrogen from renewable energy at its $15 million Western Sydney […]
The Australian Gas Infrastructure Group (AGIG) has appointed a new Chief Executive Officer, who will be replacing Ben Wilson as he returns to the UK. Craig de Laine has been awarded the position of CEO of AGIG. Mr de Laine has been with AGIG and its predecessor companies for over 16 years and has wide experience across a range of […]
The Federal Government has released new national renewable gas reforms for consultation – aiming to support the roll-out of biomethane, hydrogen, and other renewable gases that could be used in Australia’s gas networks. The consultations will seek feedback on what changes are needed to the National Gas Law and National Energy Retail Law. The Australian Energy Market Commission (AEMC) and […]
On 28 November 2017, the AEMC made a final rule to change the settlement period for the electricity spot price from thirty minutes to five minutes, with the changes to be implemented by late 2021. 5-minute settlement (5MS) provides a better price signal for investment in fast response technologies, such as batteries, new generation gas peaker plants and demand response. […]
The Federal Government has released the 2021 Australian Energy Statistics, revealing that gas consumption continues to rise, and coal remains the largest source of electricity generation – accounting for more than half of the country’s generation. The 2021 Australian Energy Statistics cover all energy used, produced and traded in Australia, including to power the electricity system, fuel transport and sustain […]
The Federal Government has awarded $30 million in funding to support early works on the Port Kembla gas-fired power station, which will soon progress to its Final Investment Decision. The project, which is being delivered by the Australian Industrial Power (AIP), is aiming to reduce market volatility risks in NSW by supporting reliable electricity supply and keeping prices low. The […]
The Federal Government is set to add $150 million for a further two hydrogen hub locations under its $1.2 billion Clean Hydrogen Industrial Hubs program in an effort to bolster regional economies. The additional funding will enable the rollout of hydrogen hubs across seven priority regional sites. The now $464 million grant program provides up to $3 million grants for […]
The Western Australian Government has provided a $2 million grant to a major capital works project as part of its Renewable Hydrogen Fund, which is supporting the blending of renewable hydrogen in the natural gas network. The investment in ATCO Australia, which owns and operates the majority of the state’s gas distribution network, is set to help reduce emissions from […]
Snowy Hydro Limited has released a Submissions Report addressing community, government and organisation responses to its Environmental Impact Statement (EIS) on the Hunter Power Project (Kurri Kurri Power Station). Snowy Hydro is 100 per cent owned by the Federal Government, causing controversy throughout its planning process for the proposed plant – mostly surrounding use of fossil fuels, suggestions the project […]
The ACCC’s latest gas report has revealed that a supply shortfall in Australia’s east coast gas market is increasing in likelihood, and indicates a finely balanced supply outlook for 2022. The ACCC’s Gas Market Inquiry 2017-2025 interim report found a shortfall of 2 PJ could arise across the entire east coast gas market next year, driven by a shortfall of […]
The Victorian Government has released the draft Petroleum Regulations 2021, opening it up for feedback from the community before it is finalised later this year. The draft Regulations guides explorers and developers on new requirements to better engage with the community and be more transparent, whilst allowing Victorians to see how the restart of the onshore gas industry is overseen […]
Australian Gas Infrastructure Group (AGIG), AusNet Services, APA Group and Jemena has provided feedback to the Victorian Government’s Gas Substitution Roadmap Consultation Paper, commending the State Government for considering ways for the gas sector to reach net zero emissions. The leading energy infrastructure companies are highlighting the importance of gas in achieving the most efficient transition to a low-carbon future […]
Australia Pacific LNG, Gladstone LNG, and the Queensland Curtis LNG Project have been re-authorised by the ACCC to coordinate maintenance schedules, reducing the probability of major disturbances to gas markets. In addition to their maintenance schedules, the gas plants will be able to coordinate their providers and techniques for another five years. “The reauthorisation means that all three gas plants […]
Every day, AllightSykes is supporting businesses to deliver critical services toour communities. From civil through to marine, Australia to Ghana, you’ll find AllightSykes products everywhere. With over 50 years of innovative design and manufacturing of Australian-made equipment, AllightSykes has created pumps for the most challenging and diverse environments. AllightSykes pumps are regarded worldwide as one of the most efficient dewatering […]
Senex Energy has signed a seven-year deal with Adbri Limited to supply up to 11PJ of gas from 2023. Minister for Resources and Water, Keith Pitt, said he welcomed news of the agreement, which will ensure Queensland gas is supplied to Adbri Limited ─ a South Australian company that is one of Australia’s leading cement manufacturers. “I want to congratulate […]
The Australian Energy Market Operator (AEMO) has been informed by AGL that it will mothball one of the four operational Torrens B units, Torrens B1 unit, in October FY22. The decision follows the continued decline in South Australian forward prices and the volume of new capacity that has come into the market, creating challenging conditions that don’t support the financial […]
Victorian Minister for Energy, Environment and Climate Change, Lily D’Ambrosio, has launched a Gas Substitution Roadmap consultation paper, with the goal of reducing emissions from gas use, helping to halve the state’s carbon emissions by 2030 and reaching net zero emissions by 2050. The gas sector currently contributes almost 16 per cent of Victoria’s greenhouse gas emissions. Over $2 million […]
Jemena, NSW renewable energy accreditor GreenPower, and Energy Networks Australia (ENA) have joined forces to develop Australia’s first Renewable Gas Certification Pilot. The pilot will be delivered by GreenPower over a minimum of two years and will inform the development of a permanent certification scheme for renewable gases. Jemena Executive General Manager of Energy Networks, Shaun Reardon, said, “We are […]
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