Australian oil and gas giant Woodside has urged Victoria to support plans for a floating import terminal in Corio Bay that would give the state the ability to receive cargoes of super-chilled liquefied gas from other parts of the country or overseas.
However, Woodside, which operates gas projects in Western Australia and has recently acquired BHP’s 50 per cent interest in the production fields in Victoria’s Bass Strait, on Thursday said there were “no easy solutions” to the worsening energy crisis. While Australia is one of the world’s top gas exporters, massive amounts are locked in to contracts to be sold to overseas buyers, or are in faraway parts of the country where it is either too expensive or impossible to supply demand centres in the south that need the fuel the most. Victoria’s offshore gas fields in the Bass Strait, which have traditionally supplied up to half of the eastern seaboard’s gas demand, have been now in rapid decline.
NickToscano1 Telling Victorians that it will be good for us more than them 🤣🤣 not good for us but huge profits for you. No doubt Andrews who has misused billions of taxpayer $$ for the rail loop rather than our health system, will say yes. We have to fight this DanielAndrewsMP
NickToscano1 pure scum
NickToscano1 There are much better proposals for wind turbines in high energy areas offshore
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snowy gas power plants ordered off as crisis buildsThe Australian Energy Market Operator ordered two gas-fired power plants in Victoria to shut down in a further worsening of the energy crisis slamming the eastern states. Why for F sake
Source: FinancialReview - 🏆 2. / 90 Read more »
Could the gas-rich Beetaloo Basin solve Australia's energy crisis?The gas industry has its eyes set on developing the Northern Territory's Beetaloo Basin, to secure Australia's electricity supply. Some analysts doubt the economics stack up. No. Supply isn't the problem. No! 😡 🤬-off with new gas and coal! It’s another stupid idea. We have ample renewable just not the will to make it a reality
Source: abcnews - 🏆 5. / 83 Read more »
‘Getting away with too much’: AEMO intervenes in gas market to stave off energy crisisThe Australian Energy Market Operator has triggered the gas supply guarantee, allowing it to order Queensland suppliers to send more gas to NSW to free up gas for Victorian power generation. No mention of Vic Govts banning of its own gas? Australians can rest easy knowing that our fuel, electricity & gas for life basics is in the hands of profit driven multinationals who can turn off the tap whenever it suits. While our new govt globe trots seemingly ignoring the significant life threatening issues in Australia.
Source: theage - 🏆 8. / 77 Read more »
Woodside Energy corrals big bank syndicate for new revolverThe bulked-up Woodside Energy’s been in front of banks for a bulked-up funding package, picking up $1.2 billion for a new revolving loan that banks reckon could go undrawn for a while.
Source: FinancialReview - 🏆 2. / 90 Read more »
Woodside Energy corrals big bank syndicate for new revolverThe bulked-up Woodside Energy’s been in front of banks for a bulked-up funding package, picking up $1.2 billion for a new revolving loan that banks reckon could go undrawn for a while. Amazing that Woodside is still viable.
Source: FinancialReview - 🏆 2. / 90 Read more »