Australia looks to develop domestic green hydrogen industry and export clean hydrogen in a bid to become a global hydrogen leader, the government of one of the world’s top LNG exporters said on Friday. The Australian government today published its new National Hydrogen Strategy, which identifies objectives and actions to …
Read More »Australia could be Hit by Natural Gas Shortage in 2027
Australia’s east coast could see shortages of natural gas as early as in 2027 unless more supply is made available soon, the Australian Competition and Consumer Commission (ACCC) said in a report on Thursday, adding another warning about the domestic market of one of the world’s biggest LNG exporters. “Long-term …
Read More »Saudi Aramco Bids for Australian Energy Major
Saudi Aramco is considering a takeover bid for Australian energy major Santos, Bloomberg has reported, citing unnamed sources, who also said the UAE’s Adnoc was also studying an offer for the company. The bids were a demonstration of Middle Eastern energy companies’ interest in expanding their natural gas business internationally, …
Read More »Australia Urged to Boost Renewable Investment to Meet Clean Energy Target
Investment in renewable energy projects in Australia rebounded in the first quarter of 2024 from the 2023 lows, but the country needs to further boost its annual investments to meet the government’s 2030 clean energy target, industry body Clean Energy Council said in a report on Friday. The association’s Renewable …
Read More »UAE Oil Giant and Australian Santos Team Up to Develop Carbon Capture Tech
The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly explore the development of a global carbon management platform to help customers in the Asia Pacific region cut emissions. Abu Dhabi National Oil Company, which pumps nearly all the oil in …
Read More »Toyota Trials Hydrogen-Powered Vehicle on Public Roads in Australia
Toyota Motor said Saturday it is conducting trials in Australia of a vehicle powered by a hydrogen engine, making it the automaker’s first such test of the environmentally friendly car on public roads. In the trial from late October through January, a specially modified van from Toyota’s HiAce series is …
Read More »Europe’s Natural Gas Prices Fall after Australian LNG Strikes End
The benchmark natural gas prices in Europe and the UK dropped early on Friday after Chevron and trade unions settled a labor dispute which led to the unions calling off the strikes at two large LNG export facilities in Australia. The front-month futures at the Dutch TTF hub, the benchmark …
Read More »Europe Gas Set for Third Weekly Gain on Australia Strike Jitters
European natural gas futures headed for a third weekly gain as concerns over potential strikes in Australia inject renewed volatility into the market. The possibility of walkouts at three liquefied natural gas facilities operated by Chevron Corp. and Woodside Energy Group Ltd. has taken center stage in recent days, as …
Read More »LNG Buyers Worry Australia Policies may Limit Exports, Woodside Says
Australia’s liquefied natural gas buyers fear that recent policy changes to safeguard domestic resources and reduce emissions could limit exports, according to the nation’s top seller. LNG buyers, including Japanese companies, told Woodside Energy Group Ltd. earlier this month that they are worried about future supply, said Chief Executive Officer …
Read More »Australia and India to Boost Clean Energy Cooperation
Australia and India on Wednesday pledged to work closer to advance renewable energy, increase cooperation in the critical minerals sector, and study green hydrogen development during a visit of Indian Prime Minister Narendra Modi to Australia. “Renewable energy was once again a focus and an important topic in our discussions,” …
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