NewsBite

Energy prices

This Month

The offshore wind industry will require significant supporting infrastructure for transporting and installing large turbines.

Victoria walks back timetable for key Gippsland wind infrastructure

In a delayed update, the state removed references to when a marine supply base was expected to be operational and dropped details of offtake contract auctions.

Kevin Gallagher at the AGM on Thursday.

Santos CEO says he’s not going anywhere, hits out at politicians

Kevin Gallagher has denied that he is about to step down after nine years of leading Santos, and has attacked politicians over the handling of the energy transition.

Opposition leader Peter Dutton visited BlueScope Steel in Erskine Park in the division of McMahon.

No extra gas for domestic market under Dutton plan: industry

The sector has changed its criticism of the Coalition’s energy policy from complaining it would create a glut, to arguing it would create a shortfall.

Analysts are totting up the impact of lower oil prices on Australian producers.

‘Double whammy’ hits oil companies on price rout

A 15 per cent slump in crude prices since Wednesday has triggered a brutal sharemarket sell-off, putting producers on high alert and making investors nervous.

Opposition resources spokeswoman Susan McDonald at the Australian Domestic Gas Outlook conference on Wednesday.

Gas to qualify as ‘critical mineral’ under Coalition

Natural gas would rank alongside lithium in being eligible for funding from the $4 billion critical minerals facility, shadow resources minister Susan McDonald said.

Advertisement
Beach Energy’s Brett Woods at the Australian Domestic Gas Outlook conference in Sydney.

Gas policy ‘taken over by activists’: Beach CEO

Brett Woods also took aim at politicians opposing local gas supply projects that are forcing the industry towards more emissions intensive and expensive imports.

Korea and Malaysia have invested about $14 billion in Santos’ GLNG export venture.

Korean giant strikes out at gas intervention

Kogas has questioned whether it can still rely on its contracts to buy Australian LNG, given mounting government intervention in the domestic gas market.

March

Dutton delivers his budget reply speech in the House of Representatives.

Santos breaks ranks on Dutton’s gas plan

The gas producer looks set to emerge as a winner under the Coalition’s gas policy, despite it being widely blamed for the risk of shortages on the east coast.

Two men,one prize. Anthony Albanese and Peter Dutton.

This election feels like it’s been run already

Anthony Albanese and Peter Dutton are both fighting precedent this election, but the hurdles the opposition leader faces are more formidable.

The ACCC says gas exporters should be encouraged to prioritise domestic supply.

Record winter gas shortfall is coming: ACCC

Ensuring Queensland’s LNG exporters divert unsold gas to the local market will be critical to avoid supply shocks, the watchdog said.

Amplitude Energy CEO Jane Norman pointed to strong interest in the gas from potential industrial customers.

Victorian energy shortage fears drive $400m investment in gas venture

Buyer interest and higher prices provide confidence in what is the largest new project in the south-east, said Amplitude Energy chief executive Jane Norman.

Eighty per cent of Australia’s gas is exported or used in the LNG production process, making the country one of the three biggest LNG exporters globally.

Why I’m backing keeping Australian gas at home

More gas doesn’t mean cheaper energy, it just means more exports and bigger profits for the companies producing it.

Jim Chalmers.

It’s time for the treasurer to stop treating us like mugs

Jim Chalmers’ crackdown on the supermarkets is an exercise in political blame-shifting that risks wrapping the economy in more red tape for no gain. But the Coalition is little better. 

LNG imports may not be needed until later this decade under AEMO’s latest gas outlook.

Winter gas threat pushed out but shortages loom

The energy market operator expects winter gas shortages to hit Victoria in 2028 and predicts a serious energy shock without new investment. Queensland says it will keep coal-fired power stations open longer.

Victoria’s mainstay of gas supply, the Bass Strait fields, are now depleting rapidly.

Looming threat to curb Queensland LNG exports spurs new drilling

The concern among Queensland’s LNG exporters about a crackdown on Asian sales contract renewals is pushing them to drill for new gas to supply domestic customers.

Advertisement
Transgrid CEO Brett Redman at the CEDA function in Sydney.

Transgrid seeks government support for vital $700m grid investment

Transgrid CEO Brett Redman says the company needs NSW government and regulatory support to proceed with investments without blowing-up its credit rating.

Power prices are set to fall across most of the eastern states.

Ministers’ push on energy prices could hurt most customers: retailers

Energy retailers said cutting a flagged power price increase would result in higher prices for customers on discounted deals after ministers urged the regulator to dig into a big jump in their costs.

Squadron has almost completed construction of an LNG import terminal in Port Kembla, NSW.

Forrest’s Squadron takes swing at APA in secret ministerial submission

In a secret ministerial submission, Squadron complained that APA is creating a false sense of security amid plans for LNG gas to be imported to the south-east.

Transmission towers in Victoria’s west. The cost of building new connections to renewable generation projects has been one reason the price of energy has spiked.

Households face up to 9pc power bill rise amid coal plant outages

But analysts warn that billions of dollars spent on rebates to woo voters are “sugar hits” that could be better spent on long-term solutions to the increases.

Amir Orad, CEO of Kraken.

Kraken’s new CEO makes his big pitch for the energy market’s future

The hi-tech utilities technology platform has driven enormous growth at Octopus, the London-based energy company backed by Origin Energy and Aware Super.

Original URL: https://www.afr.com/topic/energy-prices-1mpp