Gas industry pledges more supply to meet shortfall
The increased supply commitment will ease concerns about fresh gas price spikes, which would have intensified pressure on households and businesses.
The increased supply commitment will ease concerns about fresh gas price spikes, which would have intensified pressure on households and businesses.
Origin Energy says the progress of expanding the poles and wires network has been too slow and incentives must be offered to secure landowner permission.
The Hunter region will be declared Australia’s second offshore wind zone, a boost to the industry that will be critical if the country is to meet its renewable energy targets.
Tamboran Resources plans to develop a new LNG export terminal in Darwin with first production in 2030.
The Fortescue Future Industries director joined the chorus of energy executives concerned about the pace of developing new high-voltage transmission cables.
Australia is struggling to build enough renewables and the closure of the nation’s biggest coal plant is worrying the market, Tomago Aluminium warns.
Manufacturers are on edge over a lack of gas supply on the east coast.
Brookfield and EIG have promised to increase spending on new renewable energy generation assets by up to an additional $10bn if they secure ACCC approval to take over Origin.
The country’s electricity infrastructure is already congested and building the necessary transmission lines is a slow process, top energy leaders say.
Electricity prices will take years to return to pre-Covid levels as the nation fails to build enough green energy, business leaders warn.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/67