Minister offers APPEA “pathway to the future”, while activists arrested
Woodside’s O’Neill said Australia had an opportunity to become a “regional CO2 storage leader”, offering to help countries such as Japan and South Korea.
APPEA
$674m gas project stalls as Australia meddles in markets
The risk to future investment from the Australian Government’s radical intervention in the gas market has been demonstrated, with Senex Energy pausing a A$1 billion (US$674 million) domestic gas supply expansion, involving hundreds of new jobs and millions of dollars of investment in regional communities, according to APPEA.
Gas producers in Australia slam Labor’s near nationalisation of market
Australia’s Labor government is planning to seize control of domestic gas prices when it introduces extraordinary new legislation to parliament on Thursday in what has been likened to a near nationalisation of gas markets.
More Australian LNG needed for Asia’s energy transition
Citing a recent report from the International Energy Agency (IEA), the Australian Petroleum Production & Exploration Association (APPEA), notes that Australian exports of liquefied natural gas (LNG) to Asia would need to triple to support the region’s energy transition.
Australia CCS set for boost as gas players, including BP, eye major investments
Australia’s carbon capture, utilisation, and storage (CCUS) sector looks set for a boost as oil and gas companies, including BP (LON:BP), Santos (ASX:STO), and Woodside Energy (ASX:WDS), are investing heavily in large-scale projects.
Gas a ‘natural partner’ to renewables to cut emissions, says RISC
Gas coupled with renewable power is a natural partnership on the road to net zero and the pairing is already cutting emissions in many countries, according to global energy advisory company RISC.
‘Decarbonisation, not defossilisation,’ is key to energy transition and security, says Santos CEO
The momentum of the energy transition must be maintained without compromising energy security, and that includes affordability, as well as universal access to reliable energy. But “we can only do this through decarbonisation, not defossilisation,” said Santos chief executive Kevin Gallagher.
APPEA stresses importance of CCUS in Australia
Australia’s main oil and gas industry lobby group sees the carbon capture utilisation and storage (CCUS) business as a crucial opportunity for Australia, as well as the oil and gas sector.
Strong interest in Australia’s CCS acreage release
Australia’s main oil and gas industry lobby group claims there has been strong interest in acreage releases for new carbon capture and storage (CCS) opportunities off Western Australia and the Northern Territory. Significantly, Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive and CCS is considered one potential route to help achieve this.
Carbon-neutral LNG will be key for Australia to remain competitive
Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive, energy research company Wood Mackenzie told delegates at the Australian Petroleum Production & Exploration Association (APPEA) conference today. But progress is not fast enough.
Santos urges Australia to develop into ‘carbon storage superpower’
Santos chief executive Kevin Gallagher warned oil and gas industry leaders that achieving net zero emissions will be crucial for the natural gas industry to avoid coal’s fate of being shunned by equity investors and lenders.
Western Australia aims to export as much hydrogen as LNG by 2030
The Premier of Western Australia, Mark McGowan, told the Australian Petroleum Production & Exploration Association (APPEA) conference on Tuesday that the state’s market share in renewable hydrogen exports in 2030 should be similar to its share of liquefied natural gas (LNG) exports today.
APPEA says gas will play vital role in cutting APAC emissions
Andrew McConville, chief Executive of the Australian Petroleum Production & Exploration Association (APPEA), told delegates at the opening of the APPEA 2021 conference in Perth today that natural gas will play a vital role in reducing Australia’s and Asia’s emissions.