The next wave of gas pipeline reform was announced in September by Angus Taylor, Minister for Energy and Emissions Reduction and Keith Pitt, Minister for Resources, Water and Northern Australia as part of a package of policy initiatives for the gas sector. These were described as positioning gas to help make “energy affordable for families …
The role of gas storage Gas storage is provided using underground gas storage facilities, LNG storage facilities with regasification plants connected into the pipeline grid and on a smaller scale in gas pipelines. Storage services are used in Australia for a range of purposes, including for: supply of gas to meet peak demand in seasonal …
Overview The return of the Morrison Government following the 2019 Australian Federal election on 18 May and a “changing of the guard” within the Liberal Party has provided a long awaited reset for the Liberal National Coalition. A now likely majority for the Coalition in the House of Representatives and a smaller cross bench in …
On road vehicles account for 50% of demand for diesel in Australia*. In 2017/18 13,800 megalitres of fuel was used in Australia for road freight. Diesel accounted for 86% of this (ABS). Road freight activity is expected to increase by 50% from 2016 to 2036*. Increased use of LNG in trucks and trains in Australia …
Manufacturing businesses in Eastern Australia that use gas are at risk of closing or moving offshore. This is due to uncertainty concerning their ability to secure gas at prices that enables these businesses to continue to operate. The political resistance to developing onshore gas resources in New South Wales, Victoria and the Northern Territory could …
Regulatory drivers – IMO 2020 and beyond The use of LNG as a fuel in the marine transportation sector has been increasing over the last decade. Regulatory initiatives to reduce sulphur dioxide (SOx) emissions from the marine sector are driving the uptake of LNG as a marine fuel. In January 2020 the International Maritime Organisation’s …
Small scale LNG (ssLNG) Changes to regulations concerning the use of heavy fuel oil by the global shipping industry are expected to drive changes in the market for petroleum products. This could include the supply and demand for heavy fuel oil and potential substitutes for heavy fuel oil such as diesel. This could have implications …