GAS – PRICES – AUSTRALIA

Imports the only cure for gas headache

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 25-Jul-18

Mark Samter of MST Marquee says industrial gas users on Australia’s east coast should support plans to build LNG import terminals, as gas prices will keep rising. Samter has downplayed a recent report from the Australian Energy Market Operator which suggested that the gas crisis on the east coast is likely to ease due to higher production in coming years. He argues that gas prices are unlikely to fall without the proposed import terminals.

CORPORATES
MST MARQUEE, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED

Policy uncertainty hits oil and gas juniors

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Original article by Paul Garvey
The Australian – Page: 17 & 18 : 16-Apr-18

Fund managers argue that the share prices of smaller oil and gas producers are underperforming due to lack of certainty regarding energy policy in Australia. They say the positive outlook for east coast gas prices is not being reflected in share prices in the sector, which is expected to experience a supply deficit in coming years. Cooper Energy MD David Maxwell says there is strong evidence to suggest that east coast gas prices will remain at elevated levels for some time.

CORPORATES
COOPER ENERGY LIMITED – ASX COE, FLINDERS ASSET MANAGEMENT PTY LTD, BEACH ENERGY LIMITED – ASX BPT, LATTICE ENERGY LIMITED, SANTOS LIMITED – ASX STO, HARBOUR ENERGY LIMITED, AWE LIMITED – ASX AWE, MITSUI AND COMPANY LIMITED, TAYLOR COLLISON LIMITED

PM takes on Jones over gas bans

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 6-Oct-17

Prime Minister Malcolm Turnbull and his ministers are increasingly coming to the view that radio broadcaster Alan Jones is engaging in double standards on the question of gas prices. Jones has publicly advocated against onshore gas development in New South Wales for a number of years. Regulators, business and governments are generally of the opinion that allowing onshore gas development in NSW and other states would help to lower gas prices, and the Federal Government sees Jones’s constant attacks on it over gas prices as somewhat hypocritical.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, COUNCIL OF AUSTRALIAN GOVERNMENTS, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIAN LABOR PARTY, SANTOS LIMITED – ASX STO, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, VICTORIA. DEPT OF PREMIER AND CABINET

20pc power price shock hits home; Energy Australia urges Finkel blueprint

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Original article by Ben Potter
The Australian Financial Review – Page: 1 : 16-Jun-17

Energy Australia has announced large price increases for its gas and electricity customers in New South Wales and South Australia. The increases – of up to 20 per cent – take effect as from 1 July 2017, and come as the Turnbull government deliberates on whether to adopt the Finkel’s energy review recommendations. Kim Clarke, Energy Australia’s chief customer officer, says the Finkel review represents a good "blueprint" for Australia’s future energy needs.

CORPORATES
ENERGYAUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AGL ENERGY LIMITED – ASX AGL, ACTEWAGL, CARBON CONSERVATION PTY LTD, ST VINCENT DE PAUL SOCIETY

Producers spot better returns

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Original article by Matt Chambers
The Australian – Page: 21 : 6-Dec-16

Data from EnergyQuest shows that the spot price of gas in Adelaide rose to nearly $A10 per gigajoule in the September 2016 quarter, while the spot price in Sydney and Brisbane also rose. In contrast, the LNG netback price at the Wallumbilla processing hub in Queensland fell to around $A6 per gigajoule. EnergyQuest expects LNG producers to capitalise on the rise in gas prices by redirecting more of their output to the domestic market.

CORPORATES
ENERGYQUEST PTY LTD, QUEENSLAND CURTIS LNG PTY LTD, ROYAL DUTCH SHELL PLC

Householders’ bills tipped to soar as gas exports begin

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Original article by Esther Han
The Sydney Morning Herald – Page: 3 : 20-Oct-14

Tony Wood, director of the energy program at the Grattan Institute, says households along the eastern seaboard will pay as much as $A435 per annum more for gas, once feedstock is diverted to the emerging LNG exporting industry in Queensland. Wholesale prices are tipped to grow 100% to $A9 a gigajoule. Australian Council of Social Service CEO Cassandra Goldie warns that the increases will affect those users the most who have the lowest incomes. However Wood argues that job creation and other benefits mean governments should not intervene, and should instead compensate low-wage earners

CORPORATES
GRATTAN INSTITUTE, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, BIS SHRAPNEL PTY LTD, ENERGY AND WATER OMBUDSMAN (NSW) LIMITED