Original article by Perry Williams
The Australian – Page: 17 : 16-Oct-20
Andrew Liveris, an adviser to the federal government, contends a gas price of $4 a kilojoule is an achievable target for the east coast market. However, gas producers believe such a target is not realistic, and Santos CEO Kevin Gallagher has told the annual Citi Annual Investment Conference that the $4 target is too ambitious. Gallagher says "meddling on price settings" by the federal government would put at risk new supply and investment, while he says that increasing gas supply will help to bring about lower prices.
SANTOS LIMITED – ASX STO
Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 15-Oct-20
Viva Energy’s Geelong refinery in Victoria has posted a loss of $30m for the September quarter, following a loss of nearly $50m in the first half of 2020. Viva will seek to boost cash flow at the refinery by reducing or deferring non-essential spending at the plant. The federal government’s $2.5 billion fuel security package may be crucial to the future of the refinery. Viva will provide an update on the outlook for the plant in December.
VIVA ENERGY GROUP LIMITED – ASX VEA
Original article by Katharine Murphy, Adam Morton
The Guardian Australia – Page: Online : 25-Jun-20
Labor leader Anthony Albanese has used a National Press Club speech to call for a bipartisan approach to energy policy. He has also indicated that Labor will set a new medium-term carbon emissions reduction target prior to the next federal election. Labor has a long-term target of achieving net zero emissions by 2050, and Albanese says the medium-term target will be based on scientific advice. Employers’ groups such as the Business Council of Australia have expressed support for Labor’s stance.
AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA
Original article by Nick Evans
The Australian – Page: 13 & 16 : 8-May-20
Rio Tinto CEO Jean-Sebastien Jacques has told the resources group’s Australian annual meeting that its local aluminium assets are "very well run" and high power costs is their main problem. He emphasised the need for a "viable and sustainable solution" to this problem; he added that high energy prices will also be a key issue for the federal government in restarting the domestic economy in the wake of the coronavirus pandemic. Jacques also said it now appears to be ‘business as usual’ in China, which is Australia’s key iron ore export market.
RIO TINTO LIMITED – ASX RIO, PACIFIC ALUMINIUM PTY LTD
Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 31-Jan-20
Prime Minister Scott Morrison and New South Wales Premier Gladys Berejiklian will release details of a $2 billion energy deal on 31 January. Under the agreement, NSW must find an extra 70 petajoules of gas per year for the east coast market, in return for the federal government underwriting new non-coal power generation, constructing new interconnectors and making funding available for carbon emissions reduction projects. The most likely way in which the NSW government will make available the extra 70 petajoules of gas is by approving Santos’s Narrabri coal seam gas project.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, SANTOS LIMITED – ASX STO
Original article by Rosie Lewis
The Australian – Page: 1 & 5 : 16-Jan-20
Some Coalition MPs say that the federal government must not make significant changes to its carbon emission reduction targets in response to the bushfires crisis. Prime Minister Scott Morrison has indicated that the nation will exceed its 2030 target of reducing emissions by 26-28 per cent; he has also emphasised that a range of measures in response to climate change are needed, rather than simply reducing emissions. Former National Party leader Barnaby has called for the construction of nuclear power plants in Australia, as well as clean-coal power stations. Sources within the government have suggested that reviving the national energy guarantee policy is unlikely.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY
Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 2 : 3-Jan-20
The Reliability and Emergency Reserve Trader (RERT) scheme is not the solution to Australia’s power supply problems during the summer months. This is according to Audrey Zibelman, the CEO of the Australian Energy Market Operator, which manages the RERT. Under the RERT, which costs power costumers as much as $40 million a summer, AEMO pays large power users to cut their production in an effort to avoid blackouts. The Energy Security Board is investigating a longer-term solution to the RERT as part of its 2025 market design review.
AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. ENERGY SECURITY BOARD
Original article by Angela Macdonald-Smith, Mark Ludlow
The Australian Financial Review – Page: 11 : 22-Nov-19
The New South Wales government has backed a proposal by federal Energy Minister Angus Taylor to pursue bilateral negotiate bilateral energy and climate policy agreements with each state. NSW Energy Minister Matt Kean had previously advocated an integrated national policy on climate and energy policy, as well as the revival of the shelved National Energy Guarantee. Details of a bilateral deal between the two governments is expected to be disclosed within weeks, and Kean says the deal will be much better for the state than the NEG.
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, NEW SOUTH WALES. DEPT OF PLANNING AND ENVIRONMENT, COUNCIL OF AUSTRALIAN GOVERNMENTS, QUEENSLAND. DEPT OF NATURAL RESOURCES, MINES AND ENERGY, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING
Original article by Mark Ludlow, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 6 : 18-Nov-19
Federal Energy Minister Angus Taylor will shortly meet with his state and territory counterparts at the Council of Australian Governments energy council meeting. He will use a speech in Sydney on 18 November to outline his plans to negotiate a bilateral energy and climate policy agreement with each state, based on its unique circumstances. However, Taylor has warned that he will only strike deals with states that are ‘collaborative’. Energy Security Board chair Kerry Schott is supportive of state-based deals, provided they do not undermine existing national electricity rules.
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED
Original article by Olivia Caisley, Joe Kelly
The Australian – Page: 5 : 31-Oct-19
Shine Energy CEO Ashley Dodd says the Clean Energy Finance Corporation’s mandate should be expanded to include replacing Australia’s existing coal-fired power plants with high-efficiency, low-emissions plants. The federal government will inject an additional $1bn into the CEFC, but it has specifically ruled out using the extra funding to invest in new coal-fired plants or to upgrade existing plants. National Party MP Keith Pitt supports expanding the CEFC’s mandate to embrace all energy sources.
SHINE ENERGY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET