Australia
The government said the new Australian gas strategy was needed to help fuel domestic energy supply on its way to a target of 82 percent renewable energy by 2030, and eventually reaching net zero emissions by 2050.
Santos continues to pursue a carbon capture and storage strategy for its gas projects.
A Woodside-Santos merger would nearly consolidate Australia’s LNG sector and become a force in the LNG industry globally.
Australia and Norway announced at the COP28 summit earlier this month that they were joining the Clean Energy Transition Partnership (CETP), but concerns over signatories’ missing targets remain.
Australia LNG build-out under fire: energy giant Chevron is the most recent company caught in the crosshairs.
One of Australia’s largest banks, the Macquarie Group, has been criticised for its investments in oil and gas producing assets.
BP is to acquire Shell’s 27% stake in the offshore Browse gas project, reigniting divisions in Australia’s gas sector.
Western Australia net zero plans are in the spotlight as it is to become the third state in the country to legislate its net zero commitment, but the industry-intensive state faces an energy dilemma.
The Federal Court’s ruling against Santos will likely mark a paradigm shift in Australia, while also impacting other countries in the region.
Australian Gas Networks has been pushing renewable gas in social media adverts, while its competitor Melbourne-based Jemena ran an advertorial in the Sydney Morning Herald claiming that “renewable gas can satisfy our energy hunger.”