D27 Gas Supply

Origin suitor EIG expects intervention

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Original article by Perry Williams
The Australian – Page: 13 & 16 : 14-Nov-22

US private equity firm EIG has teamed up with Canadian firm Brookfield to make a $18.4 billion bid for Origin Energy, with EIG expected to acquire Origin’s integrated gas business if the bid succeeds. EIG CEO R Blair Thomas says it has had to deal with windfall taxes and price caps at its German and UK operations, and expects that the federal government will intervene in Australia’s domestic gas market. Thomas says the gas industry needs to keep the public onside as it progresses through the energy transition, with many households angry about soaring gas prices.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, EIG GLOBAL ENERGY PARTNERS, BROOKFIELD ASSET MANAGEMENT INCORPORATED

Energy bill shock hits manufacturers

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Original article by Angela Macdonald-Smith, Simon Evans
The Australian Financial Review – Page: 13 & 20 : 26-May-22

Many Australian manufacturers are facing big increases in their energy costs due to rising wholesale electricity and gas prices. NSW-based Causmag International is among the companies that have signalled that they may be forced to cease trading due to rising gas prices. The magnesium products manufacturer’s new gas supplier AGL Energy has set the default rate at $44.60 per gigajoule, which is significantly above the spot price. Causmag MD Aditya Jhunjhunwala has called for federal government intervention. The company’s previous gas supplier Weston Energy recently ceased trading due to the surge in gas prices.

CORPORATES
CAUSMAG INTERNATIONAL, AGL ENERGY LIMITED – ASX AGL, WESTON ENERGY PTY LTD

Industry job losses prove gas-led recovery is failing: Report

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Original article by Rod Myer
The New Daily – Page: Online : 25-May-21

The federal government is calling for a gas-led economic recovery, but the Australia Institute claims the gas industry has reduced staff during the recovery from the pandemic. The Institute states the gas industry only employs 42,000 people, and that the sector has shed 3,800 jobs since May 2020. Institute chief economist Richard Dennis claims that if the rest of the economy had declined at the same rate as the gas industry since then, total employment would have fallen by 1.3 million. However, Australian Petroleum Production and Exploration Association CEO Andrew McConville claims the gas industry currently contributes $62 billion to the economy and around 13 per cent of exports

CORPORATES
THE AUSTRALIA INSTITUTE LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

Declining gas customer satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-Feb-18

A Roy Morgan Single Source survey has found that 57.0% of gas customers were satisfied with their provider in the year to November 2017, compared with 60.5% in the previous 12 months. Kleenheat is the best performer, with a satisfaction rating of 70.9%, followed by Red Energy (68.0%) and AGL Energy (65.0%). Nine of the 10 largest gas providers showed declines in customer satisfaction, while AGL improved by only 0.1% point. Meanwhile, the survey shows that 50.1% of customers who are "very dissatisfied" with their gas provider say that they are either "very likely" or "fairly likely" to switch companies in the next 12 months. Even among customers who were only "fairly dissatisfied", 42.7% say that they are likely to switch providers in the next 12 months.

CORPORATES
ROY MORGAN LIMITED, KLEENHEAT GAS PTY LTD, RED ENERGY PTY LTD, AGL ENERGY LIMITED – ASX AGL

Blueprint ‘too little too late’ to save Melbourne methanol plant

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Original article by Ben Potter
The Australian Financial Review – Page: 7 : 13-Jun-17

Coogee Chemicals announced in March 2017 that it would dismantle its methanol plant in Melbourne and re-locate it to the US, due to the high cost of gas on Australia’s east coast. Although the Finkel review acknowledged that bans on gas exploration by Australian states were having an impact on gas prices and supply -and the cost of electricity – and that "blanket" bans should be avoided, Coogee Chemicals has made it clear that it does not intend to reverse its decision.

CORPORATES
COOGEE CHEMICALS PTY LTD, BLUESCOPE STEEL LIMITED – ASX BSL, MANILDRA MILLING PTY LTD, REMAPAK PTY LTD

Gas crunch bites with price hikes

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 : 6-Jan-17

Manufacturers have raised concerns about imminent shortages in gas supply and their impact on prices. Mark Chellew, chairman of Manufacturing Australia, says a period of between mid-2017 and late 2018 will be particularly difficult. According to EnergyQuest, a supply shortfall will reach 172 petajoules in 2020 and 205 petajoules in 2025.

CORPORATES
MANUFACTURING AUSTRALIA LIMITED, ENERGYQUEST PTY LTD, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, VICTORIA WOOL PROCESSORS, ENERGYAUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Roy Morgan announces 2014 winners of Customer Satisfaction Awards

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Feb-15

Roy Morgan Research announced the winners of its fourth annual Customer Satisfaction Awards on 18 February 2015. The awards recognise outstanding levels of customer satisfaction, as judged by more than 50,000 consumers and 12,000 business decision-makers throughout 2014. The 37 award categories cover sectors such as banking, insurance, superannuation, automotive, travel and hospitality, retail, telecommunications and utilities. Roy Morgan Research CEO Michele Levine says the awards have earned a reputation as the most accurate and reliable measure of customer satisfaction in Australia

CORPORATES
ROY MORGAN RESEARCH LIMITED, LEXUS AUSTRALIA, P&N BANK, GREATER BUILDING SOCIETY LIMITED, PEOPLE’S CHOICE CREDIT UNION, DEFENCE SERVICE HOMES INSURANCE SCHEME, ESSSUPER, PLUM FINANCIAL SERVICES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, CBHS FRIENDLY SOCIETY LIMITED, INSURANCELINE HOLDINGS PTY LTD, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, NRMA LIMITED, REST SUPER PTY LTD, AUTOBARN PTY LTD, GUARDIAN CHEMISTS, SUSSAN-SUZANNE GRAE, MICHEL’S PATISSERIE, DAVID JONES LIMITED, TARGET AUSTRALIA PTY LTD, THE REJECT SHOP LIMITED – ASX TRS, THE GOOD GUYS, TRUE VALUE HARDWARE LIMITED, CRUST PIZZA, GULL PETROLEUM PTY LTD, BETTS AND BETTS PTY LTD, BETTS KIDS, SPORTSPOWER, ALDI STORES SUPERMARKETS PTY LTD, APPLE INCORPORATED, SOUTHERN PHONE COMPANY LIMITED, INTERNODE SYSTEMS PTY LTD, AMAYSIM AUSTRALIA PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, SINGAPORE AIRLINES LIMITED, ACTEWAGL, RED ENERGY PTY LTD

American import to steer AGL through times of change

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 26 : 19-Nov-14

AGL Energy CEO Michael Fraser will be succeeded by Andrew Vesey in February 2015. Vesey will receive a fixed salary of $A1.9m a year, plus short- and long-term incentives. US-born Vesey is currently the COO of AES Corporation, and has previously been CEO of Australian electricity network company CitiPower. AGL chairman Jeremy Maycock says there are unlikely to be significant changes to the energy group’s executive ranks under the new CEO

CORPORATES
AGL ENERGY LIMITED – ASX AGK, AES CORPORATION, CITIPOWER LIMITED, ERNST AND YOUNG, MACQUARIE GENERATION, UBS HOLDINGS PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD

No power without real reform

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Original article by Annabel Hepworth
The Australian – Page: 6 : 10-Nov-14

The Business Council of Australia (BCA) has prepared a study on energy policy, in a lobbying effort as the Federal Government takes submissions for a new white paper on the topic. The BCA argues that rising energy prices are jeopardising the nation’s global competitiveness in the resources sector. Prime Minister Tony Abbott recently commented that he wants Australia to be an "affordable-energy super power", as part of the Government’s industry and competitiveness agenda

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, BHP BILLITON LIMITED – ASX BHP

Woodside mulls regasification to meet domestic obligation

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Original article by Paul Garvey
The Australian – Page: 19 : 10-Nov-14

The Western Australian (WA) Government currently imposes a domestic gas reservation policy on producers such as Woodside Petroleum and its joint venturers in the Browse floating LNG development. The companies are set to continue their lobbying effort against this, but are also preparing for the maintenance of the policy by considering a regasification plant in the South West region of WA. This would help them meet the mandated target of 15% of LNG output to be available to local users

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, BP PLC, PETROCHINA COMPANY LIMITED, MITSUBISHI CORPORATION, MITSUI AND COMPANY LIMITED, AGSO-GEOSCIENCE AUSTRALIA