This Month
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.
Lib gas plan promises modest savings for households
Modelling underpinning Peter Dutton’s gas plan says household bills would fall 7 per cent, but a big cut in manufacturing costs would flow through the economy.
Japan warns on Dutton’s gas reservation policy
A Tokyo think tank says limiting sales into the regional spot market could “handicap” Australian producers and trim Japanese trading in South-East Asia.
Advice for commodities investors? Sell, sell, then keep selling
Major Wall Street brokers are telling clients to resist the temptation to buy into metals and oil as prices fall, warning economic disruption is not over.
Woodside sells stake in Louisiana LNG export terminal in $9.5b deal
New York-based private investor Stonepeak will buy 40 per cent of the project and contribute $US5.7 billion to building the export facility.
Gas giants to face export levy if they don’t supply domestic reserve
Nationals leader David Littleproud says a Dutton government will levy a charge on gas headed for the Asian spot market if the exporter is not sending enough to the domestic market.
Gas 15pc cheaper under Dutton plan, but Rinehart not happy
The average gas price would be 15 per cent cheaper had the Coalition’s gas reserve plan already been in place, Peter Dutton has claimed
Woodside CEO: too expensive to make deep cuts to carbon emissions
Meg O’Neill said investments in carbon capture to cut emissions at LNG plants were still $US200-$US500 a tonne, too high to be worthwhile for shareholders.
No election road out of Australia’s energy perdition
The election contest between Labor’s faltering subsided renewables policy and the Coalition’s nationalised nuclear pipedream does not inspire confidence.
Australia counts cost of gas manoeuvres
Peter Dutton is the latest political leader with a new plan to lower energy prices. Will his gas policy work any better than all the others?
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.
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 promises modelling on power price cuts ‘shortly’
The Coalition’s gas policy dominated his first campaign press conference at the XXXX Brewery in Brisbane, which was crashed by a climate protester.
How gas turned Dutton into an accidental progressive
Peter Dutton has long been loathed by progressives. But by declaring his intention to crack down on gas exporters, he has adopted one of their favourite policy ideas.
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.
Santos Barossa delay feared as politics envelops gas
The deferral of a ruling on the North West Shelf venture has stoked fears that other gas projects will also fall victim to the fractious politics around the fossil fuel.
Dutton should step on the gas at the election
Voters don’t want to hear any more politicians going on about targets that will be never be met. They want to know when they’ll get affordable, reliable and abundant electricity again.
WA Labor softens criticism over North West Shelf delay
The decision on whether the huge Woodside-run gas venture can run for another 40 years could end up being made by a minority government.
Succession question swirls around Santos chief executive
Kevin Gallagher will mark a decade at the oil group next year and analysts, fund managers and a proxy adviser want answers on who will eventually replace him.
Gas producers wary of plan to reserve domestic supplies
Any plan to reserve gas would do little to avert a shortage threatening south-east Australia later this decade, industry executives say.