Australia relaxes the east coast gas reservations rule for LNG exporters and delays start in 2028
Australia relaxed slightly on Thursday a proposed rule that would have "forced" energy exporters to set aside a fixed amount of natural gas (?20%) for its East Coast market. Instead, they were required to reserve as much as a fifth. The Energy Minister Chris Bowen stated that exporters can provide up to an additional 200 petajoules per year. This is more than enough for the energy market operator to be able to meet the potential shortfalls up to 140 petajoules. Bowen, in a statement, said that the?proposed policies will make "gas more affordable" and ensure that there is a modest oversupply on the domestic market.
Australia relaxes East Coast Gas Reservation Rule for LNG Exporters
Australia relaxed slightly on Thursday a proposed rule which would have forced energy exporters 'to reserve a fixed 20% of natural gas for its East Coast market, but instead required them to reserve as much as a fifth. Energy Minister Chris Bowen stated that exporters could provide an additional 200 petajoules per year. This would be more than enough to prevent the potential shortfalls predicted by the energy market operator. Bowen, in a press release, said that the proposed policy will "ensure gas is more affordable" and that there is always a modest?oversupply on the domestic market.
Origin Energy, Australia's energy company, beats its annual profit expectations on the energy market gains
Australia's?Origin Energy reported a?full year underlying profit on Thursday that was slightly above analysts' expectations. The second largest power producer in the country reported an underlying profit for the year ended June 30 of A$1.16 Billion ($818.96 Million), below the A$1.49 Billion a year ago but ahead of Visible Alpha's consensus estimate of A$1.14 Billion. The earnings of Origin's integrated division, which is largely its?share in the Australia Pacific LNG project (APLNG)?in Queensland?, dropped?26% compared to a year earlier, hurt by lower LNG output and weak realized prices. The segment's earnings grew by 21%, to A$1,70 billion.
Australia's Origin APLNG's revenue increases on stronger LNG spot and domestic gas sales
On Friday, Origin Energy reported a 3% increase in revenue for the fourth quarter from its'stake' in?the Australia Pacific LNG project (APLNG), boosted by higher spot LNG sales as well as an increase in domestic natural gas volumes. APLNG, the joint venture between the power producer and ConocoPhillips & Sinopec, reported revenue of A$497 (US$349.29) million for the three months ended June 30 compared to A$481 in the March quarter. The project's share of production remained relatively flat in comparison to the previous quarter. Total sales rose by 4%.
Australia requires LNG exporters reserve 20% of their gas for the east coast market
The Australian government announced on Thursday that 'energy producers should reserve 20% of the natural gas they produce for the domestic market on Australia's east coast to avoid supply shortages and lower energy costs. The government announced that the scheme would be implemented in July of next year, and will replace several current market interventions. The reservation scheme will affect three liquefied gas export projects on the East Coast operated by Origin Energy?, Shell?, and Santos. "This is an incredibly well-? calibrated model that ensures Australia's best interests come first", Energy Minister Chris Bowen told reporters.
Origin Energy's APLNG revenues in the third quarter of 2018 are down on lower production and realised prices
Origin Energy, Australia's largest energy company, reported on Monday a 9% drop in revenue from its Australia -Pacific LNG project (APLNG), in Queensland. The decline was due to lower LNG prices realized and lower sales volumes. Origin's APLNG production fell by 3% in the second quarter, to 36.9 petajoules. This is in line with company guidance that the joint venture would have a lower contribution in the second half due to less days and natural declines in the eastern and non-operated areas. Origin realized US$9.51 per metric million British thermal units (mmBtu), for its LNG from the APLNG Project in Queensland. This compares to US$9.55 in the second quarter.
Australia's Origin Energy raises earnings forecast for energy markets, shares rise 8%
Australia's Origin Energy increased its full-year earning?outlook? for its energy retail division, citing higher electricity margins that helped the firm exceed market expectations. The shares of the electricity retailer and gas retailer jumped 8.1% intraday to A$11.970. This was their largest intraday percentage increase in almost three years. The slow rollout of solar and wind on both coasts, coupled with tight gas markets, is forcing Australia's states to run coal plants longer than they planned. This, despite the fact that demand for renewable energy has shifted and policies have been changed.
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that would have created?the world's largest mining firm with a value market exceeding $200 billion. The following is a list containing some of the biggest failed mergers and purchases involving Australian companies in the last three years. After months of discussions, the takeover talks between mining giant Rio Tinto and Glencore came to an end. This ended a deal that could have transformed the global mining industry.
Origin Energy's Q2 APLNG revenues rise sequentially, Origin Energy raises the low end of its 2026 APLNG forecast.
Origin Energy, Australia, raised its 'lower end production forecast for 2026' of Australia Pacific LNG and reported a?10%?sequential increase in revenue in its second quarter stake in the same project, helped by increased LNG sales. The power producer expects that its production in 2026 from APLNG, a joint venture with ConocoPhillips & Sinopec, will be between 645 Petajoules (PJ),?and 680. This is a significant increase over its previous guidance range of 635 to 680. It did, however, flag a lower contribution to production in the second half due to fewer?days and a continued natural 'decline? in the eastern -and non-operated -fields.
Australia reaches new renewable milestone over 50%
The Australian Energy Market Operator (AEMO), a'statement made on Thursday,' said that Australia had achieved a clean energy milestone in the quarter ending December, despite a rise of over 2,2% in power demand from a year earlier. The gas-fired generation has fallen to its lowest levels since 2000. Meanwhile, the total electricity production across the National Electricity Market grew 3.1% from one year ago to just under 25,000 megawatts. The share of generation from renewables increased by 5 percentage points compared to a year earlier, and now exceeds 50%. The NEM excludes Western Australia and the Northern Territory.
Australia now offers three new offshore wind licenses
The government announced on Friday that Australia had offered offshore wind licenses for projects off the coast of Western Australia's southern coast. These projects could bring 4 gigawatts (GW) of clean energy to the state's isolated power system. The offer comes after several other offshore wind project on the east coast Australia have been pulled in the last 18 months, slowing down the sector's progress. The state has extended the subsidy for a coal mine by five more years, citing energy security. Bunbury Offshore Wind was awarded two final feasibility?licenses…
Origin Energy, Australia's coal-fired power station in NSW, will continue to operate until 2029
Origin Energy announced on Tuesday that it will extend the operation all four?units?of its Eraring Power?Station?toApril 2029 to support energy supplies in New South Wales. Eraring's 2,880-megawatt coal-fired power plant was scheduled to close in August 2027. A December report from the Australian Energy 'Market Operator (AEMO), however, said that Sydney could experience blackouts if the plant is retired as planned. Australia aims to meet 82% of its energy needs with'renewable sources' by 2030. Origin CEO Frank Calabria said in a press release that the decision to continue operating Eraring until April 2029 would give more time to deliver renewables…
Australia requires LNG exporters to retain a minimum for the home market
Australia's new scheme will require exporters of liquefied?gas to keep up to 25% of their output for domestic use. The plan was announced on Monday in an effort to curb price spikes and fill a supply gap that has been predicted. The government of Anthony Albanese, a centre-left Prime Minister, said that it would work closely with exporters to create a system which limits the amount of domestic gas. A minimum allocation at local level is between 15 and 25 percent. The government announced the number of a policy that it had flagged for 2025, amid warnings of a gas shortage on Australia's east coast where 27 million people live.
Australia is preparing to review its gas market, which could affect LNG exports
Australia will soon issue a review of the gas market that could limit exports from its east coast. Three operators, led by Shell and Santos, send cargoes to Asia. They said that the review, which they expect Canberra to release this week, may 'include a plan for LNG exporters to prioritize local supply in the populous east, the main source of domestic demand. Tony Wood, energy analyst at Melbourne's Grattan Institute, said that the government is trying to solve a difficult problem. They want the domestic and international markets to be able access gas at a reasonable price.
Origin Energy, Australia, reports a 12% decline in APLNG revenue for the first quarter.
Origin Energy, Australia's largest energy company, reported a 12% drop in revenue from its Australia Pacific LNG stake for the first three months of the year. The fall was attributed to lower LNG prices and volumes. The power producer reported revenues from the APLNG joint venture -- a joint project with U.S. oil major ConocoPhillips, and China's State-owned Sinopec — of A$482 ($313.20) million for the three-month period ended September 30 compared to A$547 in the previous quarter. Prices for liquefied natural gases fell to multi-week lows during the third quarter due to a lackluster demand in Asia…
Australia Gas Market Interventions Fail, Regulator Finds
The Australian Competition and Consumer Commission said that the government's recent efforts to increase gas supplies and lower prices in Australia have largely been unsuccessful and could even be increasing the risk of shortage, according to the regulator. In a recent report, the Australian Competition and Consumer Commission (ACCC), said that several market interventions undertaken in response to a global energy crisis in 2022 had "not led to a material improvement of market outcomes". These measures included changes to Australia's Domestic Gas Security Mechanism…
Australia delays its first offshore wind auction due to global investment retreat
Victoria, Australia, has delayed its first auction of offshore wind farm financing, citing global investments hurdles. This is a blow to an industry that's deemed crucial to Australia's transition away from coal-fired energy to renewables. The state government announced on Tuesday it will delay the auction, originally scheduled for this month. A revised schedule is expected to be released by year's end. Lily D'Ambrosio, Minister of Energy and Resources, said that global investment headwinds made it unlikely an auction would attract enough participants.
Origin Energy's APLNG revenues in the fourth quarter fell as lower LNG prices weighed.
Origin Energy, Australia, reported a sequential 6% decline in revenue for the fourth quarter from its stakes in Australia Pacific LNG project (APLNG), as lower commodity prices weighed down on earnings. Origin faced pricing pressure during the second quarter of the year as China, the country's largest trade partner and major LNG consumer, showed a tepid growth in demand. Natural gas imports were also below last year's level due to the ongoing economic problems. The company realized $10.26 for every metric million British Thermal Units (mmBtu), compared to $10.70 in the third quarter, on its LNG product produced by the APLNG Project in Queensland.
Origin profits hit by Australia Pacific LNG price reduction for Sinopec
Origin Energy announced on Friday that Australia Pacific LNG had agreed to reduce the price of liquefied gas sold to Sinopec in China for the remaining ten years of their contract. Origin stated that the agreement was reached after a price review of their 20-year contract, out to 2035. "This has resulted in an improvement in the JCC-linked contracts slope, effective as of 1 January 2025," Origin added. The slope is the percentage of Japan Crude Cocktail benchmark prices to which LNG prices are linked. Origin said that the price reduction would reduce its earnings before interest…
Origin Energy Australia reports a 10% decline in revenue for Q3 due to lower APLNG prices
Origin Energy reported a 10% decline in revenue from its Australia Pacific LNG Project (APLNG), as falling LNG prices and lower LNG volumes impacted the top line. Since the beginning of 2025, prices of liquefied natural gases have been under pressure due to a tepid winter season in Asia. This has been exacerbated by fears of a global economic recession following President Donald Trump's tariff policy. Origin realized $11.31 per million British thermal unit (mmBtu), for its LNG from the APLNG Project in Queensland. This compares to $12.20 in the second quarter. The power producer reported A$616m ($393.13m) in revenue from APLNG, a joint venture between U.S.