Tag: Australia
Chinese, Australian ports jammed as demand for coal, iron ore soar
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]
World’s largest battery installed in South Australia by Tesla, testing begins soon
Tesla battery to be fed electricity from Hornsdale Wind Farm On Thursday, the South Australian government announced that the giant lithium-ion battery built by Tesla has been installed and testing will begin soon. The project, which will be capable of supply electricity to 30,000 households for a period of eight hours at peak summer consumption […]
Australian domestic natural gas prices increase as LNG exports rise
Projected natural gas supply shortfall in domestic market of up to 0.27 billion cubic feet per day in 2018 Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019, according to the U.S. Energy Information Administration. As Australia’s LNG […]
Clean energy fund could underwrite new coal fired power plants in Australia
Private sector says it has no interest in developing new coal fired power plants SYDNEY, Feb 19 (Reuters) – Australia is considering altering legislation to enable funds slated for clean energy developments to be used to bankroll construction of new low emission, coal fired power plants. The suggestion by Energy Minister Josh Frydenberg comes after […]
Chevron still grappling with latest Gorgon LNG outage
One of two Gorgon LNG production units shut down Dec 12 (Reuters) – Chevron Corp’s Gorgon LNG plant off western Australia still has one of its two production units shut around two weeks after first being taken offline, the company said on Monday. The latest in a string of outages to hit the $54 billion project […]
Australian LNG imports? When the illogical makes sense: Russell
Australian LNG plants use gas available to domestic markets By Clyde Russell LAUNCESTON, Australia, Nov 21 (Reuters) – Sometimes the seemingly illogical actually makes sense. Take the case of Australia, which will become the world’s largest exporter of liquefied natural gas (LNG), but also may start importing the super-chilled fuel at the same time. Australia is […]
Glencore to restart Australia coal mine as prices surge
Glencore coking mine reopens in Australia as Chinese coal imports increase By James Regan SYDNEY, Nov 1 (Reuters) – Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was mothballed more than two years ago, with a resurgence in prices for the commodity breathing life into the sector. Less than […]
Chevron plans to start Gorgon condensate sales this month
Gorgon shut in July due to technical problems SINGAPORE, Oct 13 (Reuters) – Chevron Corp could this month start selling condensate produced at the Australian Gorgon gas field, trade sources said on Thursday. Chevron could market a 600,000-650,000-barrel cargo for loading in December, they said, although the company is still finalising some details. The firm […]
BP scraps Great Australian Bight project of Australia’s south coast
Great Australian Bight project condemned by environmentalists By Sonali Paul and Karolin Schaps MELBOURNE/LONDON, Oct 11 (Reuters) – Oil major BP has scrapped plans to drill for oil and gas off the southern coast of Australia because it is too expensive in the face of low oil prices that have prompted heavy cost-cutting across the […]
Australia solar plants funding approved, set to triple capacity
Australia solar plants lacking, but has highest uptake of rooftop solar PV MELBOURNE, Sept 8 (Reuters) – The Australian government will help fund a dozen large-scale solar projects worth A$1 billion ($770 million), as it looks to boost the use of clean power in a coal-rich country, which is one of the world’s biggest carbon […]
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