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,” …
Read More »Australia Pledges $1.4 Billion in Bid to be Hydrogen Superpower
Australia will allocate A$2 billion ($1.4 billion) to support renewable hydrogen projects, as the major fossil fuel exporter attempts to reinvent itself as a clean energy powerhouse. The funding, announced in the budget late Tuesday, will provide revenue support to private developers, with the aim of having two or three …
Read More »China Ramps up Australian Coal Imports as Economy Rebounds
China’s economy is slowly recovering after the country finally ended its austere Zero Covid Policy late last year. The recovery of the world’s second largest economy has been gradual. China was hit hard by a wave of Covid-19 cases as soon as strict national lockdown measures were eased. But now, …
Read More »Japan Concerned Australian Gas Security Policy Change could Threaten LNG Trade
Japan is concerned that a proposed revision to Australia’s gas security guidelines could undermine LNG trade practice and investments, a senior Japanese government official told S&P Global Commodity Insights Feb. 22, adding that Tokyo will formally submit a response to the Australian government on Feb. 23. “As Japan, we steadily …
Read More »Australia’s Energy Industry Hits out at Natural Gas Price Cap
Senex Energy announced it was suspending an investment project in the Surat Basin in Queensland after the Australian government approved a cap on domestic gas prices that caused outrage in the industry. “New laws passed by the Albanese Government that could arbitrarily dictate investment returns for gas producers puts at …
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