Australian Energy Producers’ Post

Check out the latest USA Energy Review sponsored by ESWL in this month's edition of the OGV Energy Magazine👏 "The company outlook about the future of the US oil and gas sector has improved despite little change in industry activity in the first quarter of the year, while breakeven prices have increased from a year ago, the latest Dallas Fed Energy Survey showed." READ MORE HERE: https://lnkd.in/d7sa_-z 🔗 #OGVgroup #ESWL #UK #USA #EnergyReview #USAenergy

Overall demand for gas decreased by 7% in 2023 as wind energy continues to rise. In 2023, gas and the gas network continued to play a central role in meeting the country's energy needs. Overall demand for gas decreased by 7% year-on-year when compared to 2022, due to an increase in energy powered by wind. Gas generated 47% of total electricity in 2023 versus 48% in 2022. While wind’s overall contribution to electricity generation increased from 34% in 2022 to 39% in 2023. Read more: https://lnkd.in/eS3W4teX #GasDemand #GasDemandGNI 

The #energytransition is not possible without Gas. IQ managing Director Adam Head GAICD and Executive Director Jason Ward are looking forward to the Australian Energy Producers conference next week to hear what our clients have in the pipeline and to share ideas and strategies for even more success in the future. Catch up with Adam and Jason to discuss how Information Quality can help to facilitate your asset management, digital transformation and information management objectives

The most efficient and effective way to decarbonise Australia’s energy system is to retire coal and diesel, build out renewables and support them with domestic gas and other forms of storage like batteries and hydro.

Fossil fuels are projected to make up the majority of the global energy mix through 2030 and account for over 75% of total demand, according to a study by research and intelligence company Rystad Energy 👉Full Story: https://hubs.la/Q02NyPt_0 The study shows that global primary energy demand is expected to exceed 650 exajoules and that oil and gas will continue to make up the majority of the world’s power supply. Join the ECP Newsletter to stay updated with the latest news in the energy sector: https://hubs.la/Q02NyPPy0 #ECPNews #AfricanEnergy #InvestinAfrica #OilandGas

Andrew Harpham recently spoke at Gas Energy Australia’s National Forum on the “Pathway to zero emissions for LPG”.    In his session, Andrew covered the findings from our 2023 report prepared for Gas Energy Australia, with updated data from the report which originally highlighted eight pathways for LPG to decarbonise that are clear, commercially-viable and achievable.   His session, and the report, outlined some of the key technological options by which the LPG sector can deliver low-emissions or zero-emissions gas to its customers and develop a potential transition path by which LPG can achieve zero-emissions by 2050. Case studies from Australia and overseas are provided to demonstrate each technology’s real-world application.   The report also looked at the competitiveness of LPG for consumers, in comparison to electrification through case studies.   Access the presentation slide deck, the 2023 report summary and full report here: https://lnkd.in/gFbKaWjk    Reach out to Andrew Harpham, Liam Comer or our team for more information.   #energytransition #gas #renewablenergy #emissions #climatechange #sustainability

Good news: Ministry of Business, Innovation and Employment has just released a summary of the submissions on its August 2023 consultation on a Gas Transition Plan issues paper, along with links to all 78 submissions. On a quick review, there is some well-researched, sound analysis in those submissions. GasNZ’s submission had a key recommendation that the Government should work with GasNZ, to bring the gas sector together, to develop appropriate policy and regulatory settings to enable a renewable gas market. Although a GTP is no longer on this Government's to-do list, GasNZ plans to lead work across the sector over coming months to develop a Gas Roadmap. We look forward to reading the Gas Transmission Plan submissions in detail to inform that work. You can read more, and find links to the materials here: https://lnkd.in/guNdRihU

The critical need for more domestic gas supply was reinforced by Australian Energy Market Operator (AEMO) recent 2024 GSOO.  In this Transmission energy insights piece, APA Group's CEO and Managing Director Adam Watson explains how unnecessarily onerous project approval timelines for gas projects, additional regulatory impositions and excluding gas generation from capacity investment schemes are creating hurdles to energy transition.  Read more on Transmission, energy insights from APA → https://lnkd.in/gGis44PA 

Natural gas will continue playing a critical role in Australia’s energy security in a net zero economy to 2050 and beyond, with the Australian Government’s Future Gas Strategy highlighting that continued investment in new gas supply is needed. The Strategy makes clear the importance of gas in the future energy mix, stating that “Under all credible net zero scenarios, natural gas is needed through to 2050 and beyond... Gas will be essential to the transition because our energy system needs gas to achieve net zero”. 🔗 Read our media release: https://lnkd.in/gVBJ8P8r #FutureGasStrategy

Dutch TTF Natural Gas Futures (ICE): +46.5% price increase in three months. European Gas & Power are definitely back to Bullish Drivers for Winter 2024/25. This also starts bringing back attention to new Corporate PPAs in Europe, as German Power Cal-25 rises above the 100 EUR/MWh (ca. +20%) mark again. #naturalgas #europeanpower #powerandgas #power #electricity #lng #oilandgas #powermarkets #powertrading #ttf #renewables #ppas #corporateppas #powerpurchaseagreements