Decision in October on whether to restrict exports – minister East coast shortfall could equal 10% of demand – watchdog Supply gap equivalent to 14 LNG spot cargoes Government extends Continue Reading
Customers queue outside a Western Sydney chemist to purchase Rapid Antigen Test kits in the wake of the coronavirus disease (COVID-19) pandemic in Sydney, Australia, January 5, 2022. REUTERS/Jaimi Joy Continue Reading
BP Plc (BP.L) is aiming to start producing sustainable aviation fuel (SAF) in Australia by 2025 after converting its oil refinery near Perth to produce renewable fuels, a senior executive Continue Reading
Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay Continue Reading
Hundreds of homes have been inundated in and around Australia’s largest city in a flood emergency that was causing trouble for 50,000 people, officials said Tuesday. Emergency response teams made Continue Reading
Australia’s biggest grid has released a multibillion-dollar plan to ease its transition away from coal and avoid pitfalls that earlier this month led to the unprecedented step of temporarily taking Continue Reading
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the Continue Reading
A fire that ripped through a New South Wales power station on the weekend will not affect electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out Continue Reading
Australia, the world’s top exporter of coal and liquefied natural gas, is battling a power crunch, posing major challenges for the country’s new Labor government that wants to speed up Continue Reading
Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due to Continue Reading
Western Australia plans to switch off its coal-fired generators by 2030 and invest A$3.8 billion ($2.63 billion) in renewables, citing an “overwhelming uptake” in rooftop solar as driving the move. Continue Reading
Outages at coal-fired power plants, coupled with a cold-weather snap, have caused supply problems. Residents in Australia’s Queensland state faced the risk of blackouts on Monday night as the nation’s Continue Reading
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia Continue Reading
Australia, one of the world’s largest wheat exporters, is forecast to produce another huge harvest this season as favorable conditions encourage growers to ramp up planting of winter crops to Continue Reading
Europe’s race to replace Russian gas supply has threatened Australia’s plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Continue Reading
Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion. Construction is expected Continue Reading
Mike Cannon-BrookesPhotographer: Patrick T. Fallon/Bloomberg An Australian billionaire’s success in forcing AGL Ltd. to scrap a breakup plan and its top executives to step down may shake the status quo Continue Reading
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
New Australian PM says climate action “shouldn’t be controversial” Australia’s new leader has vowed to take the country in a new direction, with a big shift in climate policy. Anthony Continue Reading
Wheat area may fall 4% on year, yields seen down 18% on year Area, yields seen declining on rising fertilizer costs 2022-23 wheat exports seen falling 20% to 22 million Continue Reading
India’s power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global Continue Reading
The timing could not have been better: Indian coal importers have been scouring for cargoes in a tight and expensive global market, and along comes an opportunity to access precious Continue Reading
Rising installations of solar and wind power mean efforts to shift workers from coal mines to renewable energy are speeding up. Follow us at @BloombergAU on Twitter and BloombergAsia on Continue Reading
There is a soaring demand for Australia’s gas resources, pushing exports to record levels and helping fund public services and infrastructure. A new report illustrates the soaring demand for Australia’s Continue Reading
Australia’s mining and energy export earnings are forecast to reach a record A$425 billion ($318 billion) in 2021-22, although prices of its key iron ore shipments are expected to ease, Continue Reading
Australia’s offshore petroleum watchdog has cleared the way for Shell (SHEL.L) to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia, after a power outage forced a Continue Reading
Australia said on Monday it was imposing new sanctions on 33 Russian oligarchs and business people, including Chelsea Football Club owner Roman Abramovich and Gazprom CEO Alexey Miller, over the Continue Reading
Australia’s thermal coal prices are expected to remain elevated in the near term as it finds new buyers in Europe amid the Russia-Ukraine conflict, while interest from Japan and South Continue Reading
Australia declared a national emergency on Wednesday in response to devastating floods along its east coast, and designated catastrophe zones in towns swept away by swollen rivers. “Australia is becoming Continue Reading
Australian authorities on Friday warned of more rains over the weekend in several flooded regions in the country’s east, likely hampering relief efforts as defense personnel try to reach worst-hit Continue Reading
Australia’s Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help Continue Reading
The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday, as Russia’s invasion of Continue Reading
Authorities in Australia issued more orders for people to leave their homes on Thursday after heavy rain triggered flash floods in its largest city, with officials warning of worse to Continue Reading
Rio Tinto’s decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
The Southern Hemisphere may have just matched its hottest temperature on record Thursday. A station in Onslow, a small coastal town in Western Australia, registered a sweltering 123.3 degrees (50.7 Continue Reading
Developed nations around the world are aggressively pursuing the replacement of coal power, but Australia is struggling to turn its back on what it sees as an economically vital commodity Continue Reading
Australia’s accelerating energy transition will see half of all homes installed with rooftop solar in the early 2030s, helping to spur a faster exit from coal-fired power generation, according to Continue Reading
Just inland of Australia’s east coast, roughly 200 miles from the Great Barrier Reef, a single coal mine run by Glencore Plc emitted so much super-warming methane in a year Continue Reading
WATCH: Woodside CEO O’Neill discusses the company’s partnership with BHP on a LNG project, limiting emissions from the project and the market for LNG. A $12 billion liquefied natural gas Continue Reading
Lawyers for the Conservation Council of Western Australia have sent letters to Woodside Petroleum (WPL.AX) and the country’s energy minister seeking to delay, if not stop, the company’s Scarborough natural Continue Reading
Annual average coal emissions per capita from 2015-2020 in tons of CO2 India and China are the world’s two biggest coal polluters, but Australia and South Korea lead the world Continue Reading
The most severe cloud of methane detected in Australia in more than a year was spotted last month by satellite over one of the country’s top coal producing regions. The Continue Reading
While the Australian government has dragged its feet on committing to a net-zero climate target in one of the world’s biggest fossil fuel exporters, the nation’s 10 million households are Continue Reading
BHP Group ’s exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel, according Continue Reading
BHP, the world’s largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch, sources with knowledge Continue Reading
Australia is rejecting a push by the U.S. and the European Union to join a global pact to cut methane emissions, expected to be announced at the crucial COP26 summit Continue Reading
While countries around the world have turned their backs on coal due to its high emissions, Australia is one country that is unlikely to follow suit So far this month Continue Reading
Australia’s Environment Minister Sussan Ley on Thursday approved an expansion of a Whitehaven Coal (WHC.AX) mine – a decision which comes despite a historic court ruling that she had an Continue Reading
Mineral Resources Limited revealed that recent drilling activity led to a ‘significant’ gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia. Mineral Resources Limited (MRL) Continue Reading
