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2017-12-18 12:20:00

AUSTRALIA STOPS COAL

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

"While we will continue to support our existing customers across the mining and energy sectors, including those with existing coal assets, NAB will no longer finance new thermal coal mining projects," the company said in a statement.

NAB, one of Australia's four major banks, said it has an important role to play in the transition to a low carbon economy.

"An orderly approach to the low carbon transition is critical to ensure Australians can continue to have access to secure, reliable and affordable energy and support our economy," NAB said.

The announcement come after the state government of Queensland earlier this week asked the national government to veto a federal loan worth A$900 million ($681 million) to fund infrastructure to advance Adani's 60 million mt/year Carmichael thermal coal project in the state.

A number of Chinese banks have also recently announced they will not finance the Carmichael project.

Another of Australia's four major banks, the Commonwealth Bank, announced in mid-November that it intends to reduce financing to coal projects, S&P Global Platts reported earlier.

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Earlier:

 AUSTRALIAN OIL UP
2017, October, 25, 12:10:00

AUSTRALIAN OIL UP

The S&P/ASX 200 Energy index added 0.7 per cent, with Beach Energy – the recent buyer of Origin Energy’s conventional oil and gas business assets – up 2.8 per cent, Origin up 1.1 per cent and Caltex Australia up 1 per cent.

 

 AUSTRALIAN LNG UP ANEW
2017, October, 23, 11:25:00

AUSTRALIAN LNG UP ANEW

Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019. As Australia’s LNG exports have increased, primarily from LNG projects in eastern Australia, the country has had natural gas supply shortages in eastern and southeastern Australia and an increase in domestic natural gas prices.

 

 AUSTRALIAN LNG UP
2017, July, 21, 09:00:00

AUSTRALIAN LNG UP

Australia's LNG exports in fiscal 2017-2018 (July-June) will be 63 million mt, after it crossed, for the first time, 50 million mt in fiscal 2016-2017, energy consultancy EnergyQuest said in its forecast on Wednesday.

 

 AUSTRALIA - CHINA LNG UP
2017, June, 28, 15:00:00

AUSTRALIA - CHINA LNG UP

Among China's LNG suppliers Australia has fared best, with imports rising 42.7 percent in the first five months to 5.39 million tonnes, almost double that of second-placed Qatar at 2.84 million tonnes.

 

 AUSTRALIAN LNG CONTROL
2017, June, 24, 09:40:00

AUSTRALIAN LNG CONTROL

Australia is set to apply LNG export controls, aimed at securing domestic supply of gas and keeping prices of the fuel in check, from January 1, the government announced earlier this week despite industry warnings about the decision's potential impact on energy investment.

 

 AUSTRALIAN LNG INFLATION
2016, October, 31, 18:45:00

AUSTRALIAN LNG INFLATION

“The rampant cost inflation on Australian projects combined with the collapse in oil prices is damaging for a lot of these projects,” said Neil Beveridge, analyst at Bernstein. LNG prices have been affected by a supply glut and are also linked to oil prices in Asia.

 

 AUSTRALIAN LNG: 25 MLN MT
2016, October, 14, 18:40:00

AUSTRALIAN LNG: 25 MLN MT

The three facilities have the combined capacity to supply 25mn mt/yr of LNG –equal to about 8% of the world’s production, Bechtel said October 11.

 

 

 

 

Tags: AUSTRALIA, ENERGY, COAL

Chronicle:

AUSTRALIA STOPS COAL
2018, April, 20, 09:00:00

IRAN NEED NEW MARKETS

SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).

AUSTRALIA STOPS COAL
2018, April, 20, 08:55:00

UZBEKISTAN - LUKOIL GAS

LUKOIL - LUKOIL has commissioned a Gas Processing Complex at the Kandym fields cluster in Uzbekistan. The official opening ceremony was attended by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, Minister of Energy of the Russian Federation Aleksander Novak, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Vladimir Tyurdenyov, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Republic of Uzbekistan Kwon Yong Woo and the President of PJSC "LUKOIL" Vagit Alekperov.

AUSTRALIA STOPS COAL
2018, April, 20, 08:50:00

ENI INVESTMENT €7 BLN

ENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities

AUSTRALIA STOPS COAL
2018, April, 20, 08:45:00

SEADRILL'S BANKRUPTCY OFF

REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.

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