Korean giant joins the hunt for offshore gas
The move underscores growing global interest in Australia’s tightening east coast gas market, which is projected to face supply shortfalls as early as 2029.
The move underscores growing global interest in Australia’s tightening east coast gas market, which is projected to face supply shortfalls as early as 2029.
A key piece of Squadron Energy’s LNG import terminal will not return to Australia until 2027. The delay leaves the already fragile east coast gas market exposed to greater risk.
Ampol boss Matthew Halliday has ended its near three-year foray into energy retailing, and conceded it’s better served by focusing on its strengths and roots: petrol sales and quick-shop retail.
The company formerly known as Incitec Pivot will finally deliver its long-held strategy in a patchwork of transactions that it claims will unlock value and provide greater stability amid global shifts in energy and agriculture.
Australia’s east coast is poised to experience gas shortfalls. Producers says a review this year may be the last chance to avoid economic chaos.
The deal allows AGL to expand its pipeline of potential long-duration projects that it will need to develop to replace coal in NSW. But how much former Liberal leader Malcolm Turnbull pocketed in the sale is unclear.
More than a dozen activists disrupted the company’s annual general meeting but when the proxies were counted, there weren’t enough votes to stop the re-election of one under-pressure director.
The findings of a Rystad Energy report will be seized on by proponents of LNG imports amid a debate on how to remedy a looming east coast shortage.
The cost of producing electricity in Tasmania, Victoria and South Australia spiked in the first three months of 2025 and that’s bad news for electricity bills.
Climate-minded investors will vote against the election of three directors at Woodside’s AGM, which is heating up to be a de facto referendum on the company’s lack of climate strategy.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/4