Australia’s gas industry has fulfilled its commitment to the domestic market as the Australian Competition & Consumer Commission (ACCC) again warns governments of the need for new gas supply to avoid east coast shortfalls in coming years.
Dale
Oil and Gas Industry Thanks Outgoing WA Minister Bill Johnson
Western Australia’s oil and gas sector has thanked outgoing Minister for Mines and Petroleum; Energy; Hydrogen Industry; Industrial Relations Bill Johnston MLA, for his strong support and commitment to the industry.
Ready for the Downhill Run?
For the past nine calendar years, every year, Australia has seen a new production record, but the streak will end in 2023, and it’s unlikely we will see another record.
PGS to Commence 3D Seismic in Asia Pacific
PGS has been awarded a 3D exploration contract in Asia Pacific. The company has not revealed which country this is in.
Tepid Demand and High Storage Levels Keeping Natural Gas Prices Down
Rystad Energy’s Gas and LNG Market Update from Senior analyst Lu Ming Pang has revealed a slump in Title Transfer Facility (TFF) prices.
CCS Hub Aliance Decarbonisation Solution for Hard to Abate CO2 Emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure have formed the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonisation solutions to hard-to-abate CO2 emitters.
Still Bearish Despite LNG Disruptions, Cold Snap, Says Rystad Energy’s Gas and Market Update
Wei Xiong
Senior Analyst
Despite freezing temperatures in Northwest Europe and delivery disruptions at Australia Pacific LNG due to vessel outages, Title Transfer Facility (TTF) prices were down 8.7% to $13.71 per million British thermal units (MMBtu) on 28 November from the previoius week’s highest level.
Ongoing bearish sentiment is due to a muted gas demand outlook and ample inventories in the northern hemisphere.
Underground gas storage facilities in Europe were 97.4% full at 111.98 billion cubic meters (Bcm) as of 26 November, compared to the five-year midpoint at 98 Bcm, despite the start of net withdrawals in early November.
PGS and TGS Shareholders Approve Merger Plan
TGS and PGS jointly announced that their respective boards of directors have unanimously approved and decided upon a definitive merger agreement in line with terms previously announced.
H2SITE and Gold Hydrogen Sign MoU for Natural Hydrogen Pilot Plant on the Yorke Peninsula
H2Site and Gold Hydrogen have signned a MoU to develop a natural hydrogen pilot plant on the York Peninsula,
APA and Santos sign MOU to Explore Development of Potential CCS Pipelines
APA Group has signed a Memorandum of Understanding (MoU) with Santos to explore the development of potential Carbon Capture and Storage (CCS) pipelines for their Moomba CCS facility.