News

Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation’s economy, which was rapidly transformed by oil fortunes in the past decade.

Tying energy policy to climate strategies has led to the looming east coast gas supply crisis, Santos chief executive Kevin Gallagher has declared, as he called for Australia to follow the US example and decouple the two.

Big east coast gas users have laid out a blueprint for gas policy ­reforms, including a domestic ­reservation scheme, amid concern a plan for the commonwealth to underwrite LNG imports will ­entrench high prices for local ­industry.

Japan’s biggest buyer of LNG has threatened to take its business elsewhere, at the cost of thousands of jobs, unless urgent policy changes are made to fix Australia’s $70bn export industry.

Treasury has dramatically underestimated the lure of the FBT exemption for EVs, with taxpayers losing $560 million per year subsidising 100,000 electric car owners.

Feb 28th, long-serving staff from Australia’s resources, agriculture, and businesses celebrated Executive Chairman Mrs. Gina Rinehart AO’s February birthday and long-serving employees for their decade of service.

Australia’s biggest promoter of green hydrogen, Andrew Forrest, has axed an investment pact with US hydrogen giant Plug Power in the latest blow for the hyped clean energy power source, as developers pull back from projects following the election of Donald Trump.

South Korea’s Korea Hydro & Nuclear Power Co. issued the first green bond in Asia whose proceeds can be used to finance nuclear energy projects, according to the company.

Australia’s green hydrogen ­industry has failed to fire, with 99 per cent of a $100bn supply pipeline failing to progress ­beyond the concept stage, punching a hole in Anthony Albanese’s aim to develop a major export ­industry by 2030 and meet net-zero goals.

Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas.

Victoria is likely to have to burn coal for longer, endure a gas shortage and suffer delays in developing renewable energy projects that will cause significant economic harm and undermine efforts to reduce emissions

The state produces enough gas for domestic demand, LNG exports and has extra gas to send south during winter.