Australia
Australia’s gas reserve debate has resurfaced as east coast prices remain elevated despite the country’s position as one of the world’s top LNG exporters.
Australia faces gas supply shortfalls despite gas playing a critical role in the country’s energy transition, a new report says.
The Japan-Australia hydrogen project aims to produce 30 million tonnes of hydrogen from brown coal gasification in Victoria to be liquefied and exported to Japan.
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.
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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.