COALBED METHANE – AUSTRALIA

LNG projects not so polluting: CSIRO

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 29-Jul-19

Greenhouse gas emissions created by coal seam gas LNG projects in Queensland are not as high as previously thought, according to a report to be released by the CSIRO on 29 July. The CSIRO also states that Australia’s carbon emissions could be significantly reduced if the gas produced by Queensland’s LNG projects was used to generate electricity in Australia, rather than exported. However, this is on the proviso that it replaces existing coal-fired power generation.

CORPORATES
CSIRO

PM’s push for clean coal power

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 2-Feb-17

Prime Minister Malcolm Turnbull says the focus of the nation’s energy policy must be on ensuring a reliable supply of low-cost energy. He has called for the abolition of state-based bans on coal-seam gas projects and argued that clean coal should be part of the nation’s energy mix. Turnbull has also stressed the need for investment in storage technology for renewable energy. Industry Minister Arthur Sinodinos has raised the possibility that the Clean Energy Finance Corporation could help finance the development of a clean-coal power station.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIAN LABOR PARTY, AUSTRALIAN RENEWABLE ENERGY AGENCY, CLIMATE INSTITUTE (AUSTRALIA) LIMITED, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF THE TREASURY

APLNG to sell gas on local market

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Original article by Matt Chambers
The Australian – Page: 24 : 7-Sep-16

Surplus gas from the Origin Energy and ConocoPhillips-led Australia Pacific LNG project will be made available to domestic users rather than exported. APA Group will operate a 50km pipeline on behalf of APLNG that will be used to supply the eastern states with coal-seam gas that is surplus to export requirements. The Shell-owned Queensland Curtis LNG project also supplies surplus gas to the domestic market, as prices are higher than in the spot market.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, CONOCO (UK) LIMITED, AUSTRALIA PACIFIC LNG LIMITED, APA GROUP – ASX APA, ROYAL DUTCH SHELL PLC, QUEENSLAND CURTIS LNG PTY LTD, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

RIP for CSG as AGL exits

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Original article by Matt Chambers
The Australian – Page: 19 : 5-Feb-16

AGL Energy will write down the value of its coal seam gas assets by $A795m after announcing that it will cease all gas exploration and production. AGL will not proceed with the $A1bn Gloucester CSG project in New South Wales, while it will terminate production at the Camden project 12 years ahead of schedule in 2023. MD Andy Vesey has attributed the decision to exit the gas sector to factors such as the fall in commodity prices and lower demand for gas in New South Wales.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, SANTOS LIMITED – ASX STO, THE GREENS NSW INCORPORATED, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, ARROW ENERGY LIMITED, ROYAL DUTCH SHELL PLC, PETROCHINA COMPANY LIMITED, ENERGYAUSTRALIA PTY LTD

Weak gas prices trigger AGL shift

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 6 : 7-Jul-15

AGL Energy will not proceed with the Hunter coal-seam gas project in New South Wales or the expansion of its Camden project. However, AGL will press ahead with its Gloucester coal-seam project, despite a $A275m impairment charge that has reduced the value of the project to $A131m. AGL has revealed total writedowns in excess of $A600m after a review of its gas assets. AGL plans to sell some oil and gas assets, and it will no longer aim to derive 50 per cent of the gas supplied to customers from its own resources.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, CITIGROUP PTY LTD, ESSO AUSTRALIA PTY LTD, BHP BILLITON LIMITED – ASX BHP, JP MORGAN AUSTRALIA LIMITED, DEUTSCHE BANK AG

AGL Energy shares hit 8-year high

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 27-May-15

AGL Energy has revealed details of its "strategic road map", which will include cost reductions and asset sales. AGL plans to divest its 50 per cent stake in the 420-megawatt Macarthur wind farm in Victoria, which is expected to fetch about $A500m. Some analysts believe that AGL will also sell its upstream gas business, while a decision on the Gloucester coal seam gas project will be made later in 2015. AGL shares closed 6.3 per cent higher at $A16.45 on 26 May.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, MACQUARIE GENERATION, MORGAN STANLEY AUSTRALIA LIMITED, AES CORPORATION, MACQUARIE WEALTH MANAGEMENT