Category Archives: Gas

‘Too much to lose’ in Santos gas project off Tiwi Islands, marine ranger tells court

Posted on by

Federal court hearing on the islands, north of Darwin, told a spill would mean ‘everything ends up dead’ in delicate marine ecosystem

A large gas project off the Tiwi Islands could threaten a vulnerable turtle species and disrupt a thriving ecosystem of fish, a marine ranger has told the federal court.

Tiwi Islander Dennis Tipakalippa is challenging the decision to allow Santos to drill eight wells in the Barossa gas field, 265km north-west of Darwin.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

Timor-Leste warns it will work with China if Australia insists on pumping Timor Sea gas to Darwin

Posted on by

Exclusive: President José Ramos-Horta says his country’s leadership ‘has to make decisions … if necessary a trip to China’

Timor-Leste’s president, José Ramos-Horta, has warned his nation will seek Chinese support if Australia and Woodside Energy fail to back a gas pipeline between the resource-rich Timor Sea and his country’s southern shore, rather than Darwin.

Ramos-Horta has warned Timor-Leste – Australia’s neighbour and ally – would “absolutely” look to Chinese investment to secure what he says is the “national strategic goal” of piping gas from the Greater Sunrise fields to his nation’s coast. The comments are likely to heighten concerns about Chinese influence in the Indo-Pacific.

Continue reading...

Power station owner Uniper posts £10bn loss as gas shortages bite

Posted on by

German energy firm, which operates many UK power stations, has been bailed out by federal government

The owner of the Ratcliffe-on-Soar power station in Nottinghamshire has posted a €12bn (£10bn) loss weeks after agreeing a bailout package with the German government, in a set of results that signal the deepening energy crisis across Europe.

Uniper received a €15bn lifeline from the German state in return for a 30% equity stake in a deal agreed in July.

Continue reading...

Rinehart-backed joint venture pledges $1bn gas expansion but hurdles remain

Posted on by

Senex Energy says extra fuel will be for domestic use but plans are yet to secure state or federal environmental approvals

Gas producer Senex, which is jointly owned by South Korea’s steel giant Posco and Australian billionaire Gina Rinehart, has planned a more than $1bn expansion to its Queensland gasfields with the bulk of the extra fuel apparently to be earmarked for domestic use.

The company, which is seeking federal and state approval for two sites adjacent to its Atlas and Roma North projects in the Surat Basin, made the announcement ahead of a speech by the resources minister, Madeleine King. It still has to clear some state regulatory hurdles, Senex said.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

Australian electricity companies not reducing emissions in line with Paris agreement goals, study finds

Posted on by

AGL, EnergyAustralia and Origin among businesses study says not on track to meet global climate goals to limit heating to well below 2C

Nine out of 10 major Australian electricity companies are failing to reduce greenhouse gas emissions fast enough to meet the goals of the landmark Paris climate agreement, a study has found.

Businesses not acting in accordance with the 2015 Paris agreement goal of limiting global heating to well below 2C since pre-industrial times included the generators and retailers AGL, EnergyAustralia and Origin, according to the study led by University of Queensland researchers.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

Australia’s high gas prices could be here to stay if threats don’t turn into action

Posted on by

The east coast faces a potential gas shortfall in 2023 amounting to 10% of demand and there are calls for exporters to fill the gap

Some time in the next couple of weeks, a well-known ASX-listed company could go to the wall if it can’t secure a new contract for gas.

That firm, for now at least, can’t go public without its share price cratering and its employees and suppliers being sent into a panic.

Continue reading...

Gazprom daily gas output in July lowest since 2008, analysis suggests

Posted on by

Output last month of Russian firm was down 14% on June, sharpening fears Moscow could provoke energy crisis in Europe

The daily gas production of Russia’s Gazprom dropped in July to its lowest level since 2008, figures suggest, amid continued fears that Moscow could cause an energy crisis in Europe by shutting off the supply.

The state-owned energy firm pumped 774 million cubic metres a day last month – 14% less than in June – according to analysis by Bloomberg of data released on Monday.

Continue reading...

African nations expected to make case for big rise in fossil fuel output

Posted on by

Exclusive: leaders expected to say at Cop27 they need accesss to their oil and gas reserves despite effect on global heating

Leaders of African countries are likely to use the next UN climate summit in November to push for massive new investment in fossil fuels in Africa, according to documents seen by the Guardian.

New exploration for gas, and the exploitation of Africa’s vast reserves of oil, would make it close to impossible for the world to limit global heating to 1.5C above pre-industrial levels.

Continue reading...

Australian wholesale energy prices in June quarter tripled from last year, market operator says

Posted on by

Aemo executive says need for renewables is ‘urgent’ as failing coal-fired power plants and global gas costs cause prices to surge

Wholesale electricity and gas prices tripled in Australia’s main grid in the June quarter compared with a year ago, as failing coal-fired power plants and soaring global gas costs combined to create “unprecedented” market disruptions, the Australian Energy Market Operator (Aemo) said.

Aemo’s quarterly market dynamics report found average spot prices for electricity in the national electricity market, which serves eastern Australia, averaged $264 per megawatt-hour across the quarter. That’s more than double the previous high of $130 in the first quarter of 2019 amid droughts and heatwaves, and a little more than three times the average price in the June quarter of 2021, which was $85.

Continue reading...

German cities impose cold showers and turn off lights amid Russian gas crisis

Posted on by

Hanover is first large city to impose energy-saving measures and Berlin switches off monument spotlights

Cities in Germany are switching off spotlights on public monuments, turning off fountains, and imposing cold showers on municipal swimming pools and sports halls, as the country races to reduce its energy consumption in the face of a looming Russian gas crisis.

Hanover in north-west Germany on Wednesday became the first large city to announce energy-saving measures, including turning off hot water in the showers and bathrooms of city-run buildings and leisure centres.

Continue reading...

Germany accuses Russia of ‘power play’ as gas pipeline supply drops by half

Posted on by

State-run Gazprom reduces flow through Nord Stream 1 to around 20% of its capacity

Germany has accused Moscow of engaging in “power play” over energy exports, as Russian state-run Gazprom further throttled gas supplies into Europe.

As announced two days earlier, the energy giant on Wednesday reduced the gas flow through Nord Stream 1 to 33m cubic metres a day – about 20% of the pipeline’s total capacity and half the amount it has been delivering since resuming service last week after 10 days of maintenance work.

Continue reading...

How does the EU plan to cut gas usage by 15% this winter?

Posted on by

Industry to feel pinch first after all countries in bloc except Hungary agreed to voluntary reduction

The EU has agreed to cut its gas consumption by 15% in an attempt to stave off a winter crisis triggered by a sharp reduction or total shutdown of Russian gas supplies to the bloc.

Continue reading...

EU agrees plan to ration gas use over Russia supply fears

Posted on by

Despite most energy ministers backing the scheme the EU was forced to water down proposals

The EU has been forced to water down its plan to ration gas this winter in an attempt to avoid an energy crisis generated by further Russian cuts to supply.

Energy ministers from the 27 member states, except Hungary, backed a voluntary 15% reduction in gas usage over the winter, a target that could become mandatory if the Kremlin ordered a complete shutdown of gas to Europe.

Continue reading...

Russia’s Gazprom to make drastic cut to Europe’s gas supply from Wednesday

Posted on by

State-controlled energy company says it is halting a turbine due to the ‘technical condition of the engine’

The Russian state-controlled energy company Gazprom has announced a drastic cut to gas deliveries through its main pipeline to Europe from Wednesday.

The Russian gas export monopoly said it was halting the operation of one of the last two operating turbines due to the “technical condition of the engine”, cutting daily gas deliveries via the Nord Stream pipeline to 33m cubic metres a day – about 20% of the pipeline’s capacity.

Continue reading...

Natural gas prices rising in US, dampening hopes for lower inflation

Posted on by

High price of natural gas increases costs for other products including steel, cement and glass

The price of natural gas in the US has risen by nearly half in the past month, as drought and the war in Ukraine continue to bite and millions of Americans turn up their air conditioners in a heatwave.

Natural-gas futures jumped 48% this month, including 10% on Wednesday, to $8.007 per million British thermal units (btu). The rise has come as other energy costs, including oil, have begun to drop from their June peaks.

Continue reading...

Victoria demands AEMO maintain minimum gas storage levels as supplies dwindle

Posted on by

Gas supplies at the Iona storage facility have fallen due to high demand amid the state’s price cap

The national market operator needs to implement “immediate measures” that address the state’s gas shortage crisis, Victoria’s energy minister says.

Lily D’Ambrosio said the Australian Energy Market Operator (AEMO) must establish a viable plan to control gas supply levels at national storage facilities after it was revealed that the Iona facility near Port Campbell recently dropped to record lows.

Continue reading...

EU urges member states to slash gas use by 15% to counter ‘Russian blackmail’

Posted on by

Call for voluntary cut until March 2023 with binding reduction targets possible when Moscow ‘likely’ halts supplies

The European Union’s executive body has urged member states to slash their gas consumption by 15%, as it warned that a complete shutdown of Russian supplies was “likely”.

The EU has been scrambling to wean itself off Russian gas since the invasion of Ukraine, but is alarmed about a potential energy crisis this winter.

Continue reading...

Germany worries about gas rationing as supply from Russia halted

Posted on by

Temporary closure of Nord Stream 1 prompts fears for private consumers as well as industry

Germans are fretting about the coming winter freeze even while Europe sweats in record temperatures, amid uncertainty over whether a complete stopping of Russian gas deliveries would force energy rationing on private households as well as industry.

Germany, which has managed to reduce its reliance on Russian gas from 55% to about 35% of its demand since the start of the Ukraine war, is still heavily reliant on the Nord Stream 1 pipeline, which closed down for 10 days from 11 July due to scheduled maintenance works.

Continue reading...

Costs of Ukraine war pose tests for European leaders – and things may get worse

Posted on by

Analysis: Vladimir Putin claims time is on his side, but he will have only one shot at making a gas cutoff count

Desperate efforts in Italy to prevent the fall of Mario Draghi’s government are only the latest political firestorm in Europe tied to Vladimir Putin’s tests of the west’s powers of endurance. Draghi’s foreign minister, Luigi di Maio, suggested it will be Putin who celebrated the fall of another western government if Draghi does not survive a confidence vote in parliament on Wednesday.

“A boat without a rudder goes adrift,” said Ferruccio Resta, the president of the Conference of Italian University Rectors – a metaphor that could apply, to Putin’s satisfaction, to much of Europe as governments come under growing pressure over the perceived domestic cost of the war in Ukraine.

Continue reading...

Russia’s Gazprom tells European buyers it cannot guarantee gas supplies

Posted on by

Force majeure declared in letter to customers concerns supplies via Nord Stream 1 pipeline, says source

Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the west over Moscow’s invasion of Ukraine.

Dated 14 July, the letter from the Russian state gas monopoly said it was declaring force majeure on supplies, starting from 14 June.

Continue reading...