Importing LNG cheaper

Original article by Mark Ludlow
The Australian Financial Review – Page: 3 : 11-Jun-20

Jemena MD Frank Tudor says a gas pipeline linking Western Australia to the east coast is not a viable option, as the cost of transporting gas across the country would be prohibitive. He argues that a proposed LNG import terminal at Port Kembla would be much more cost-effective than the $6bn transcontinental pipeline that has been put forward by the National COVID-19 Coordination Commission. Jemena plans to link its eastern gas pipeline to the import terminal.

CORPORATES
JEMENA LIMITED, AUSTRALIA. NATIONAL COVID-19 COORDINATION COMMISSION

Forrest’s AIE leads LNG import race

Original article by Matthew Stevens
The Australian Financial Review – Page: 30 : 30-Apr-19

Australian Industrial Energy has secured regulatory approval to use Port Kembla in New South Wales as the location for its proposed LNG import terminal. At this stage, AIE, which is 50 per cent owned by Andrew Forrest’s Squadron Energy, does not have a CEO. Choosing a CEO is likely to be one of its two main goals before making a final decision on whether to proceed with its LNG terminal, along with securing some firm customers.

CORPORATES
AUSTRALIAN INDUSTRIAL ENERGY PTY LTD, SQUADRON ENERGY, MARUBENI CORPORATION, JERA, AGL ENERGY LIMITED – ASX AGL

LNG import plans pushed back to 2020

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 11 & 14 : 5-Feb-19

AGL Energy’s proposed import terminal at Crib Point in Victoria and Australian Industrial Energy’s planned LNG import terminal at Port Kembla in New South Wales are among five LNG import terminals flagged for Australia. However, Saul Kavonic of Credit Suisse says none of the five may be approved by the end of 2019. Labor’s energy spokesman Mark Butler says it has not ruled out LNG import terminals if it wins the upcoming election, while Australian Workers’ Union national secretary Daniel Walton has spoken out against importing LNG.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN INDUSTRIAL ENERGY PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, CREDIT SUISSE (AUSTRALIA) LIMITED

Woodside boss rejects west-east gas pipeline

Original article by David Swan
The Australian – Page: 22 : 14-Nov-18

The economic viability of a gas pipeline linking Australia’s east and west coasts has been questioned by Woodside Petroleum CEO Peter Coleman. He argues that a "virtual pipeline" linked to LNG import terminals would be a more sensible solution to the east coast gas crisis than the construction of a west-east pipeline, which would cost around $5bn. Coleman has also advocated an increase in Australia’s hydrogen exports.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, THE MELBOURNE MINING CLUB

LNG import terminal remains a live option

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 5-Sep-18

Australian Industrial Energy CEO James Baulderstone says it still plans to make a final decision on its proposed LNG import terminal at Port Kembla by the end of 2018. Baulderstone believes LNG imports will still be competitive under federal Labor’s proposed gas measures. AIE’s LNG import project is expected to cost around $500 million. AGL, which is planning a similar project at Crib Point in Victoria, is not yet in a position to state how Labor’s proposals could impact on its project.

CORPORATES
AUSTRALIAN INDUSTRIAL ENERGY, AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN LABOR PARTY, MACQUARIE EQUITIES LIMITED, HAYBERRY INVESTMENTS PTY LTD

Imports the only cure for gas headache

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

Warning on rush to build LNG terminals

Original article by Paul Garvey
The Australian – Page: 20 : 17-Jul-18

Four LNG import terminals are currently mooted for Australia; two in Victoria, and one each in New South Wales and South Australia. However, Nicholas Browne from Wood Mackenzie says Australia does not need that many terminals, based on its current market forecasts. Of the four terminals currently flagged, Browne says AGL’s proposed terminal at Crib Point in Victoria is most likely to be developed first.

CORPORATES
WOOD MACKENZIE, AGL ENERGY LIMITED – ASX AGL, EXXONMOBIL AUSTRALIA PTY LTD, MITSUBISHI CORPORATION

Twiggy, Santos battle over gas developments

Original article by Perry Williams
The Australian – Page: 17 & 27 : 10-Jul-18

Macquarie has suggested that Santos could find it hard to secure New South Wales government approval for its Narrabri coal-seam gas project if Australian Industrial Energy builds an LNG import terminal. AIE CEO James Baulderstone claims that the facility would be able to supply gas to NSW much faster and at much lower cost. However, Santos CEO Kevin Gallagher argues that gas from Narrabri would be much cheaper. The AIE consortium’s members include iron ore magnate Andrew Forrest.

CORPORATES
SANTOS LIMITED – ASX STO, AUSTRALIAN INDUSTRIAL ENERGY, MACQUARIE GROUP LIMITED – ASX MQG, NEW SOUTH WALES. DEPT OF PLANNING AND ENVIRONMENT

AGL bid to import LNG heats up

Original article by Matt Chambers
The Australian – Page: 17 & 18 : 5-Jun-17

AGL Energy is expected to name the preferred site for its proposed LNG import terminal within a matter of weeks. Sites in South Australia, New South Wales and Victoria are all said to be under consideration for the terminal, which is expected to cost between $200 million and $A300 million, with Western Port Bay in Victoria considered a possible option. AGL CEO Andy Vesey is understood to want to commence construction of the terminal in 2019, and for it to be operational in 2020-21.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, COUNCIL OF AUSTRALIAN GOVERNMENTS, CHENIERE ENERGY INCORPORATED, QIC LIMITED, ENERGYAUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET