Activists call for blanket cap on Qld LNG exports

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 21 : 26-Sep-19

The Australia Institute and the Lock The Gate Alliance are among the activist groups that have urged the federal governance to impose a cap on Queensland’s LNG exports. They contend that such a cap would put downward pressure on domestic gas prices. Another option that has been advocated by some activists is to amend the Australian Domestic Gas Security Mechanism to include a price trigger. The federal government is reviewing the ADGSM, which has not been utilised to date.

CORPORATES
THE AUSTRALIA INSTITUTE LIMITED, LOCK THE GATE ALLIANCE INCORPORATED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ENERGY USERS ASSOCIATION OF AUSTRALIA, ORIGIN ENERGY LIMITED – ASX ORG, AGL ENERGY LIMITED – ASX AGL, ESSO AUSTRALIA PTY LTD, BHP GROUP LIMITED – ASX BHP, REMAPAK PTY LTD, CLAYPAVE PTY LTD

Gas tax hike: Treasurer sparks energy backlash

Original article by Jamie Walker, Sarah Elks
The Australian Financial Review – Page: 1 & 6 : 12-Jun-19

Queensland Treasurer Jackie Trad has defended the state government’s decision to increase the royalty on gas production from 10 per cent to 12.5 per cent, arguing that the state’s LNG royalty has been frozen for 10 years. She describes the increase as a "modest measure" given than some countries have LNG royalties of up to 30 per cent. The Budget measure has been criticised by Queensland Resources Council CEO Ian Macfarlane and former federal resources minister Martin Ferguson, who warn of the impact of the move on gas supply and prices.

CORPORATES
QUEENSLAND. TREASURY, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, ACTU

Low CSG quality may hit export contracts

Original article by Matt Chambers
The Australian – Page: 22 : 12-Oct-18

Australia Pacific LNG CEO Warwick King has told an energy conference that extracting gas from Queensland’s coal seam gas fields is proving to be more difficult than expected. There has been growing concern among industry analysts that the CSG reserves that have underpinned Queensland’s LNG export projects may not able to be extracted economically. Approval for the Gladstone plants was based on proven and probable reserves, whereas LNG export plants in Western Australia were approved on the basis of proven reserves.

CORPORATES
AUSTRALIA PACIFIC LNG LIMITED, ORIGIN ENERGY LIMITED – ASX ORG, ROYAL DUTCH SHELL PLC, SANTOS LIMITED – ASX STO, AUSTRALIAN INDUSTRIAL ENERGY, SENEX ENERGY LIMITED – ASX SXY, JEMENA LIMITED

Santos cuts intake of gas amid export curb threat

Original article by Matt Chambers
The Australian – Page: 20 : 1-Jun-17

The Gladstone LNG project reduced its average daily gas intake to 723 terajoules in May 2017, to the lowest level in a year, while the intake was 20 per cent lower than in March. However, GLNG operator Santos has declined to comment on whether the Federal Government’s proposal to impose LNG export controls contributed to the reduced gas intake. Meanwhile, Nik Burns of UBS says GLNG is unlikely to meet the most bullish forecasts for total exports of six million tonnes in 2017.

CORPORATES
SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, UBS HOLDINGS PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, TOTAL SA, PETRONAS GAS BHD, KOREA GAS CORPORATION

Origin nearing start-up on second production LNG line

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 29 : 5-Oct-16

A spokeswoman for the Origin Energy-led Australia Pacific LNG has indicated that the start-up phase for the project’s second production train has commenced. The second train is the last of the six that have been commissioned at the three rival LNG projects in Queensland. Energy Edge MD Josh Stabler says a sharp rise in gas consumption at the APLNG project in early October suggests that the second train is poised to commence production.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, ENERGY EDGE PTY LTD, CONOCOPHILLIPS, SINOPEC CORPORATION, QUEENSLAND CURTIS LNG PTY LTD, ROYAL DUTCH SHELL PLC, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD

Price rout casts doubt on expansion

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 14-Mar-16

EnergyQuest’s Graeme Bethune has downplayed suggestions that some of the Queensland LNG production trains may be put on hold. The three projects will eventually have six trains, and Credit Suisse and RBC Capital Markets are among the firms which believe that at least one train could be mothballed amid a downturn in commodity prices. Santos and Origin Energy have indicated that the second trains of their LNG projects are expected to commence production on schedule.

CORPORATES
ENERGYQUEST, CREDIT SUISSE (AUSTRALIA) LIMITED, RBC CAPITAL MARKETS, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, GLADSTONE LNG PTY LTD, QUEENSLAND CURTIS LNG PTY LTD, ROYAL DUTCH SHELL PLC, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Origin ships first LNG from Gladstone

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 12-Jan-16

Bulk cargo carrier "Methane Spirit" has left Gladstone with the first shipment from Origin Energy’s Australia Pacific LNG project in Queensland. The first shipment had been slated for late December 2015, but the tanker eventually left Curtis Island on 9 January 2016. The majority of gas from the $A24.7bn project has been bought by Sinopec, while other customers include Kansai Electric. APLNG was the last of the three Gladstone LNG projects to commence production.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, KANSAI ELECTRIC POWER COMPANY INCORPORATED, SANTOS LIMITED – ASX STO, BG GROUP PLC, BECHTEL INTERNATIONAL INCORPORATED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, CONOCOPHILLIPS

BG writes down $9bn in LNG assets on oil slide

Original article by Matt Chambers
The Australian – Page: 20 : 4-Feb-15

The recent rapid decline in the global crude oil price continues to affect the LNG sector in Australia. BG Group has been forced to announce provisioning worth $US6.8bn ($A8.87bn) for its Queensland Curtis LNG (QCLNG) project at Gladstone. Another factor in the writedown was the divestment of the pipeline bringing feedstock gas to the plant, to APA Group. BG owns some three quarters of the QCLNG operation. The rival Gladstone LNG and Australia Pacific LNG developments are lead managed by Santos and Origin Energy respectively, which may also soon announce impairments

CORPORATES
BG GROUP PLC, APA GROUP – ASX APA, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, QUEENSLAND CURTIS LNG PTY LTD, GLADSTONE LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, SCHLUMBERGER LIMITED, BHP BILLITON LIMITED – ASX BHP, CONOCOPHILLIPS, GORGON JOINT VENTURE, CHEVRON AUSTRALIA PTY LTD, CHEVRON CORPORATION, MOBIL AUSTRALIA RESOURCES COMPANY PTY LTD, EXXONMOBIL CORPORATION, SHELL DEVELOPMENT (AUSTRALIA) PTY LTD, ROYAL DUTCH SHELL PLC

Householders’ bills tipped to soar as gas exports begin

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

Cheap gas flows in as prices slump to record lows

Original article by Matt Chambers
The Australian – Page: 15 : 1-Sep-14

Origin Energy, Santos and others are building three major LNG processing plants for the export market, in the Gladstone region of Queensland. The projects are forecast to cause higher domestic gas prices as the supply is diverted offshore. However in late August 2014, gas prices for local users have actually declined. In Queensland they have fallen to as little as $A1 per gigajoule, compared with the usual range of $A3 to $A4. From 2015 on they are estimated to reach up to $A10

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, AGL ENERGY LIMITED – ASX AGK, AUSTRALIAN ENERGY REGULATOR, CREDIT SUISSE (AUSTRALIA) LIMITED, QUEENSLAND CURTIS LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, GLADSTONE LNG PTY LTD