Australia proposes tax incentives for critical mineral deposits
The Australian government will introduce legislation on Monday to implement production tax incentive for renewable hydrogen and essential minerals. This could help boost investment in this sector, which can play a key role in energy transformation plans. The government announced that the proposed law would establish a tax incentive of 10% on the relevant processing and refinement costs for 31 essential minerals…
Santos LNG from Australia to Glencore Singapore
Santos, an Australian company, announced on Wednesday that it had signed a contract for a midterm supply of liquefied gas with Glencore Singapore. Glencore Singapore is a subsidiary of the London-listed Glencore. Santos has agreed to supply 19 LNG cargoes or approximately 0.5million tonnes of LNG annually over the course of three years plus a quarter.
Australia Beats 2020 Clean Energy Target
Australia has met its 2020 target for generating electricity from large-scale renewable energy a year ahead of plan, the Australian Clean Energy Regulator said, despite there being a slowdown in investment in wind and solar power.The target was set in 2001 by a conservative government and reduced in 2015 with bipartisan support, aiming forAustralia to generate 33…
LNG Import Terminal Proposed for Australian port
A South Korea-based company has proposed building a terminal on Australia's east coast to import liquefied natural gas, the fifth proposal for such a project in the world's No.2 LNG exporter.The proposals have come after three new LNG export plants on the east coast have sucked gas out of the southeastern market and nearly tripled wholesale gas prices in places such as Sydney over the past two years.EPIK…
Plans for Another South Australia LNG Import Plant in the Works
A private firm is looking to import liquefied natural gas (LNG) to South Australia starting in 2020, around the same time as two other proposed import projects, looking to fill a supply gap as domestic gas gets sucked into LNG exports.Venice Energy, set up by former BHP Billiton executives, plans to submit a development application to the South…
Australian Supply Crunch Squeezes LNG Exporters
Spot LNG exports in government's cross-hairs; ConocoPhillips, Origin, Shell now in the firing line. The Australian government on Monday warned that the country's east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by Nov.
Coal Isn't Dead (Yet): Russell
Here's a question for the anti-coal lobby. If coal is dying, how come there is an increasingly heated bidding war going on for Rio Tinto's coal mines in Australia? Here's another question, this time for the pro-coal lobby. If coal still has a viable long-term future as an energy source, how come the world's biggest planned new mine is now hostage to whether the Australian government decides to loan it money?
Elliott Presses BHP to Shed Petroleum
BHP petroleum business has value of more than $20 billion. Activist investor Elliott Management raised the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business. Elliott, which has built up a 4.1 percent stake in BHP's London-listed arm and is urging changes to boost shareholder value…
Australia Gas Export Restrictions Counterproductive
When governments adopt new policies the benchmark for success should be that the change works, is efficient and fair to all parties and does not create unintended consequences. The decision by the Australian government to restrict exports of natural gas if the domestic market is constrained meets none of these criteria, although it may just persuade an increasingly angry public that the authorities are doing something.
Australia in Talks With Gas Majors to Avert Local Shortage
Australian PM in crisis talks with gas majors; Australia faces gas shortage despite exports soaring. Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull. Australia is on track to become the world's largest exporter of liquified natural gas (LNG)…
Australian O & G Exploration Declining
The latest ‘Resources and Energy Quarterly’ report from the Australian Government provides equal measures of optimism and disappointment, APPEA said today. APPEA Chief Executive Dr Malcolm Roberts said rising LNG exports are underpinning Australia’s economic growth but the continuing fall in petroleum exploration is alarming. “$200 billion has…
AEMC Gas Market Report Highlights Need for Action
Increasing the supply and affordability of natural gas is critical to developing a genuinely national strategy to transition Australia to a cleaner energy future. APPEA chief executive Dr Malcolm Roberts said the Australian Energy Market Commission’s report on the wholesale gas market released today provided many useful recommendations to increase the trade and transportation of gas on the east coast.
Decision to Retain ARENA, CEFC Welcomed
The Australian Government this week announced its intention to retain ARENA, expand its renewables mandate to include energy efficiency and low emissions technology, and make changes to its funding as well as the types of projects in which the agency will invest. ARENA welcomes the Government’s clear commitment to retain ARENA and the Clean Energy Finance Corporation (CEFC)…
Protests Greet Australia's first Returning Nuclear Waste
Anti-nuclear protesters in rubber dinghies and water police shadowed a vessel carrying a shipment of reprocessed nuclear waste as it docked on Saturday at an Australian port after a two-month voyage from France. Environment group Greenpeace questioned the safety of transporting the 25 tonnes of waste, which originally came from an Australian reactor…
LCK Locates Significant Historic Drill Data
Leigh Creek Energy Limited (“LCK”) infomred that it has located and has in its possession significant volumes of historic drill data in addition to that previously acquired. This additional data includes coal quality, geophysical and coal sample data, and coal retention samples. This data brings forward gasification testing of coal samples (which…
ISF New Maps Show Renewable Opportunities
The Institute for Sustainable Futures (ISF) at the University of Technology Sydney has released its first set of maps showing opportunities for renewable energy as part of its ARENA supported mapping project. The new maps draw on sample data from electricity Network Service Providers to show network constraints and planned investment. They are hosted on the Australian Renewable Energy Mapping Infrastructure (AREMI) platform…
Repair a Broken Pipe in Less than 60 Seconds
New from World Wide Metric is the Rapid Repair Clamp, a tool that helps swiftly repair pipe leaks or bursts to prevent costly damages in an emergency situation. Fast and easy to install, the Rapid Repair Clamp provides quick repairs for pipe leaks and bursts — especially useful when every second counts. The self-contained design allows for installation by one person in less than 60 seconds without the use of any tools.
ARENA Support for Energy Storage Knowledge Bank
The Australian Renewable Energy Agency (ARENA) today announced $1.4 million support for the University of Adelaide to develop an online Australian energy storage knowledge bank and build a mobile energy storage test facility. ARENA CEO Ivor Frischknecht said the collaborative project led by the University of Adelaide was an important next step for energy storage development and would build on other efforts already underway.
Shell-BG deal May Shake up Rival's Australian LNG Plans
Tightening gas supplies in eastern Australia and a battle for gas to supply three liquefied natural gas plants will figure largely in watchdogs' review of Royal Dutch Shell's $70 billion takeover of BG Group. The deal may help break a deadlock over coal seam gas owned by Shell's Arrow Energy in Australia, which has been stuck in the ground after…
G20 Communique to Include Climate Change, Anti-corruption Plan
The G20 communique will include a significant passage on climate change and an endorsement of an anti-corruption plan, European Union officials said on Sunday. "The most difficult discussion was on climate change," an EU official said on condition of anonymity. "This was really trench warfare, this was really step by step by step. The Australian government…
