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    Gas

    This Month

    Alan Finkel says green hydrogen will be used as a chemical to produce decarbonised products for export,

    Green hydrogen too ‘expensive and inefficient’: Finkel

    Former chief scientist Alan Finkel – who devised Australia’s first clean hydrogen strategy – now says we are “unlikely to use hydrogen for storage of electricity”.

    • Angela Macdonald-Smith, Peter Ker and Jessica Sier
    LNG prices softened last financial year but export volumes held strong.

    LNG export purse crunched 25pc as prices drop

    Australia’s LNG revenue fell in 2023-24 despite flat export volumes, with Santos’ sales broadly reflecting the wider picture as prices softened.

    • Angela Macdonald-Smith
    Andrew Forrest has toured the world signing agreements to study green hydrogen and promoting the product – including with London taxis.

    Fortescue’s pivot shakes faith in Labor’s Hydrogen Headstart strategy

    Power prices would need to drop steeply and electrolyser costs more than halve to produce hydrogen at anywhere near a competitive level, the industry has warned.

    • Angela Macdonald-Smith
    Home Affairs Minister Clare O’Neil.

    University teaching could explain why democracy is ‘backsliding’

    Letters from readers on social science teaching and democracy; the place of gas in the energy transition; and why any inflation is not desirable.

    A gas-fired power plant in Leipzig, Germany, is planning to switch entirely to green hydrogen. Advocates for the fuel in Australia worry that loose rules for access to subsidies will leave local suppliers at a disadvantage to those in Europe.

    Labor’s green hydrogen rules for $6.7b subsidy splits producers

    Criteria being proposed for renewable hydrogen could mean emissions rise instead of fall as projects “cannibalise” the grid, green advocates warn.

    • Angela Macdonald-Smith
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    Snowy Hydro’s gas power portfolio includes the Colongra plant in NSW.

    Snowy Hydro pushes gas power ambitions with major storage deal

    The 25-year contract will underpin the expansion of the Iona project, and underscores expectations the fuel will remain part of the energy mix past 2050.

    • Angela Macdonald-Smith
    Households face higher gas bills, which are increasing more substantially in larger cities like Sydney and Melbourne.

    Gas bill rises hit households despite east coast price caps

    Increases of up to 11 per cent from the biggest retailers will saddle families with steeper energy costs despite a mandated pause in electricity tariff rises.

    • Angela Macdonald-Smith
    Woodside CEO Meg O’Neill says the deal shows ongoing demand for Australian LNG in Asia.

    Woodside signs up Taiwan as long-term LNG customer

    Taiwan’s state-owned CPC is already a big customer for Australian liquefied natural gas via Ichthys and Prelude, but the new deal will potentially run into the 2040s.

    • Angela Macdonald-Smith
    Santos’ business includes major domestic gas production as well as LNG interests.

    Aramco denial fuels doubts over Santos’ portfolio

    The Saudi giant may be one of several oil and gas producers that took a look at the $25.8 billion ASX company but decided against advancing a formal offer.

    • Angela Macdonald-Smith
    Gas demand could see winter shortfalls.

    Winter gas woes to extend into 2025

    Considerably higher demand for heating in the winter months is set to cause supply shortfalls in NSW, Victoria and Tasmania.

    • Tom McIlroy
    The court challenge to the Barossa  pipeline delayed the work of pipeline laying vessel Audacia in the Timor Sea.

    Santos wins court battle on EDO funding quest

    The Federal Court also cleared the way for Santos to pursue the Environmental Defenders Office for costs in its failed case against the Barossa gas project.

    • Angela Macdonald-Smith
    Santos, run by Kevin Gallagher, is struggling to stay out of the spotlight.

    Santos cage rattling makes value impossible to ignore

    Gas deals are getting extra scrutiny, even those that have nothing to do with keeping the lights on for Australians. 

    • Anthony Macdonald

    Saudi, UAE interest puts $25b Santos in play

    Renewed takeover speculation has underlined the oil and gas producer’s status as a potential target in the wave of global energy consolidation.

    • Angela Macdonald-Smith

    June

    Queensland’s gas pipeline to the southern states is at capacity.

    Queensland approves new gas exploration

    The state has awarded tenders for six petroleum and gas exploration areas across the Bowen and Surat basins as a gas crisis grips the country.

    • James Hall
    Former Japanese ambassador to Australia Shingo Yamagami.

    Japan’s LNG diplomacy is in Australia’s national interest

    Any move to curb LNG exports that undermine Australia’s reputation would not just threaten new gas projects but damage Australia’s green superpower hopes.

    • The AFR View
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    Director and Chairperson of the Board of Tokyo Gas Co.,Ltd. Michiaki Hirose poses for photographs at the company headquarters in Tokyo, Japan.

    Japan-Australia ties ‘as much about security as business’

    “The Japan-Australia relationship has become broader and more sophisticated than before,” Tokyo Gas chairman Michiaki Hirose says.

    • Jessica Sier
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    Peter Dutton’s nuclear plan just a new ideological front

    Letters from readers on the Coalition’s proposal for nuclear power, the Armaguard cash deal, the plan to rein in supermarket power, and military recruitment.

    Tokyo Gas Company storage tanks in the Japanese capital.

    Japan using Australian gas to shore up regional influence

    Japanese energy companies are on-selling surplus Australian gas to allies in South-East Asia.

    • Updated
    • Jessica Sier

    Sir Andrew Mackenzie: time to focus on the best few climate solutions

    The Shell chairman says the world’s carbon challenge is harder than he realised while running BHP, and it’s time for a global focus on a few winning solutions

    • Peter Ker and Lap Phan
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    Nuclear debate can change the nation

    Letters from readers on Peter Dutton’s nuclear push and gas exports.