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How new NSW gas-fired peakers changed price spikes in 2001 and 2002

Posted by gasweek on 17 October, 2007

How new NSW gas-fired peakers changed price spikes in 2001 and 2002
A chart showing standard deviation in the electricity pool price per quarter contained in a report “Securing Private Investment in New Generation in New South Wales” prepared by Morgan Stanley for the Owen Inquiry also demonstrated the commissioning of gas-fired peakers during 2001 and 2002.

Reference: Morgan Stanley, Report to the Owen Inquiry: Securing Private Investment in New Generation in New South Wales, 31 August, 2007.

16/10/2007

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Posted in Australia, Gas, Generation, NEMMCO, NSW, OCGT, Volume 2604 | Leave a Comment »

2007 upstream gas price in Victoria, Queensland, NSW, South Australia falls between A$2.00 per GJ and A$3.50 per GJ

Posted by gasweek on 12 October, 2007

The price for gas sold under contract in Eastern Australia was usually a confidential agreement between the gas suppliers and the gas buyer, according to a report, Availabiliy and Cost of Gas for NSW Baseload Generation, (31/7/2007) prepared for the Owen Inquiry by Wood Mackenzie.

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Posted in Gas, NSW, Owen Review, Volume 2604 | Leave a Comment »

Qld imported gas not competitive with coal for baseload generation in NSW without NSW Greenhouse Abatement Certificates (NGAC)s

Posted by gasweek on 12 October, 2007

If a Carbon Trading Scheme were to be introduced, gas could be competitive for baseload generation in NSW at a cost of carbon in the range $15 to $30/t CO2 equivalent, according to a report, Availability and Cost of Gas for NSW Baseload Generation prepared for the Owen Inquiry.

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Posted in NSW, Owen Review, Volume 2604 | Leave a Comment »

Fed Govt uncertainty over climate-change policy blocking investment in new power gen; combined-cycle gas turbines cheaper than coal for NSW, Owen inquiry finds

Posted by gasweek on 12 October, 2007

The Owen Inquiry was a blunt rebuke for the Federal Government’s 10-year delay in agreeing to a national emissions trading scheme, wrote Marian Wilkinson in The Sydney Morning Herald (12/9/2007, p.4).

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Posted in Gas, NSW, Owen Review | Leave a Comment »

Greens say telephone and internet companies will be required to funnel data on phone calls, email, VOIP and web browsing in real time to the police or ASIO under Govt legislation

Posted by gasweek on 11 October, 2007

Greens Senator Kerry Nettle (New South Wales) told the Senate on 20 September 2007 that, under the Telecommunications (Interception and Access) Amendment Bill 2007, telecommunication companies would have to funnel data in real time to the police or ASIO.

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Posted in Defence, NSW, Security, Volume 2603 | Leave a Comment »

Alcoa to shed 194 jobs, bringing end to aluminium foil manufacturing in Aus: cites high $A, low-cost China

Posted by gasweek on 10 October, 2007

Alcoa would shed 194 jobs, the bulk of which would be lost when it shut its aluminium foil and coil plant at its Yennora site in western Sydney, wrote Andrew Trounson in The Australian (28/9/2007, p.2).

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Posted in Australia, China, NSW | Leave a Comment »

Money from heaven: NSW Government to subsidise its very own Delta Energy, and pay CSIRO, to build CO2 dump for Munmorah with ammonia absorption

Posted by gasweek on 9 October, 2007

According to Marian Wilkinson, in The Australian, (27/7/2007, p.7), a NSW Munmorah CO2 dump plan to using ammonia absorption to strip CO2 from coal pollution was an initiative of the state-owned power generator, Delta Energy, and the CSIRO. The owner of the plant – the NSW Government hoped it could advance to a demonstration plant by 2008.

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Posted in CO2 dumps, NSW, Volume 2603 | Leave a Comment »

Carlton United Brewery site on Sydney’s Broadway plans to generate own electricity, for new 11-tower site

Posted by gasweek on 9 October, 2007

According to Catharine Munro, urban affairs editor, for The Sydney Morning Herald, (28/9/2007, p.5), the new owners of the Carlton United Brewery site on Broadway planned to generate their own electricity. Stanley Quek, a medical doctor from Singapore and the major shareholder of Frasers Property, said power cogeneration was one of a number of measures he was looking at to reduce the development’s greenhouse footprint. “We believe it’s worth careful consideration because the initial evidence we have is that it’s viable on the site,” Dr Quek told the Herald.

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Posted in Energy Efficiency, NSW, Volume 2603 | Leave a Comment »

Why Brisbane gas prices are low: Wood Mackenzie explains

Posted by gasweek on 9 October, 2007

A report prepared for the Owen Inquiry by Wood Mackenzie Wood explained why gas prices in NSW and South Australia were higher than the gas prices in Melbourne and Brisbane. Mackenzie’s gas price outlook was based on an assumption that rational economic investment decisions would be made based on cost and price.

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Posted in Gas, NSW, Owen Review, Petrol, Price, Queensland, SA, Victoria, Volume 2603 | Leave a Comment »

Jury of 15 to sit on trial of nine men caught in Australia’s biggest anti-terrorism sweep: conspiring “to do acts in preparation of a terrorist act”

Posted by gasweek on 4 October, 2007

NSW was expected to pass legislation allowing an expanded jury of 15 to sit on the trial of nine men caught in Australia’s biggest anti-terrorism sweep, wrote Michael Pelly in The Australian (24/9/2007, p.3).

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Posted in Defense, NSW, Security, Volume 2602 | Leave a Comment »

ACT: Capital braces to receive up to 100 severe storms expected to hit NSW and the ACT between October and March; emergency services urge residents to clean out their gutters “well in advance”

Posted by gasweek on 3 October, 2007

According to Sonya Neufeld, in The Canberra Times, (25/09/2007, p.1), Canberrans were being urged to be prepared for up to 100 severe storms, which could include driving hail, cause flash flooding and would have enough force to lift roofs.

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Posted in ACT, NSW, Volume 2602 | Leave a Comment »

Great Wall of Sydney can be seen for five kilometres around the CBD at 2.8 metres high with 5 tonnes of concrete footings

Posted by gasweek on 2 October, 2007

The Great Wall of Sydney could be seen for five kilometres around the CBD according to Deirdre Macken of The Australian Financial Review (18/8/2007, p. 27).

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Posted in Australia, Defense, NSW, Security, Volume 2602 | Leave a Comment »

Squads of heavily armed, anti-terror police now targeting Aus dissent, claims Australia Institute chief

Posted by gasweek on 2 October, 2007

In a recent ‘Quarterly Essay’, David Marr told the disturbing story of the treatment of a number of young men in Sydney who were arrested for events that occurred at the G20 demonstration in Melbourne last year, wrote Clive Hamilton, executive director of the Australia Institute, in The Sydney Morning Herald (7/92007, p.27).

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Posted in Australia, Defense, NSW, Security, Volume 2602 | Leave a Comment »

Delegates question $170 million APEC security, including rooftop snipers, 2.8m concrete fence and $600,000 water cannnon

Posted by gasweek on 26 September, 2007

The APEC summit’s intense security had raised a few eyebrows among international delegates, reported The Australian (8/9/2007, p. 11).

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Posted in Defense, NSW, Security, Volume 2520 | Leave a Comment »

Preference negotiations between Labor and Greens to have a significant impact on federal election; Greens want all of Labor’s preferences in Senate

Posted by gasweek on 21 September, 2007

Preference negotiations be­tween Labor and the Greens, which could have a significant im­pact on the federal election, were growing increasingly fractious, reported The Sydney Morning Herald (11/9/2007, p.6). Read the rest of this entry »

Posted in Australia, Election, Gas, NSW, Queensland, Volume 2520 | Leave a Comment »

BP Australia to terminate its supply agreement with Balllina Petroleum

Posted by gasweek on 20 September, 2007

BP has severed ties with a North Coast petrol company after its investigations found sub-standard fuel was being sold as the premium Product, reported The Daily Telegraph (10/7/2007, p. 7).

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Posted in Liquids, NSW, Petrol, Volume 2520 | Leave a Comment »

Wide police powers against terrorists used to snoop on groups critical of Fed Govt policies: intelligence gathering includes elections, Iraq war

Posted by gasweek on 20 September, 2007

Before the APEC meeting began, police and politicians repeatedly talked up the prospect of protests turning violent and boasted about how they would crack down hard, according to Brian Toohey reported The Australian Financial review (8/9/2007, p. 62).

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Posted in Defense, NSW, Security, Volume 2520 | Leave a Comment »

APEC’s outcome: police and government demonstrate how far they can go to squash dissent in a free country

Posted by gasweek on 20 September, 2007

APEC was disrupting the lives of four million people for a week in the interests, we are told, of a greater good, according to Adele Horin reported in The Australian (7/9/2007, p. 29).

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Posted in NSW, Security, Volume 2520 | Leave a Comment »

NSW 640MW Uranquinty OCGT project: estimated gas cost $4.13/GJ; plans to start late-2008

Posted by gasweek on 19 September, 2007

The Uranquinty project achieved State Government approval and was being developed by Wambo Power Ventures Pty Ltd, jointly owned by Babcock & Brown and ERM Group, according to ‘Fuel resource, new entry and generation costs in the NEM’, a report by ACIL Tasman for NEMMCO (27/3/2007).

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Posted in NSW, Volume 2520 | Leave a Comment »

SE Australia: 260pc gas replacement, 2002 to 2007

Posted by gasweek on 18 September, 2007

Heaps of gas for NSW generation: Wood Mackenzie – commissioned by the NSW Owen Review; Availability and Cost of Gas for NSW Baseload Generation 31st July 2007, provided a gas supply forecast based on a project by project analysis of 2P (Proven plus Probable) gas reserves and supply capacity, and evaluated a portion of the 3P (Possible) gas reserves of specific CSG projects “capable of development and production within the period to 2030”.

SA Australia Gas Map

Analysis of a total SE grid supply: For this report, Wood Mackenzie has provided this analysis on a total supply basis for Eastern Australia, with future production divided into three categories, each with a different degree of certainty that the gas will be delivered to market. The three categories are: existing Contracted production, the Uncontracted remaining reserves, and the likely Additional Potential gas.

23 years supply at current consumption: Eastern Australia 2P Gas Reserves at 1 February 2007 showed a replacement ratio of 260 per cent over this five year period. The total 2P gas resource of Eastern Australia as of 1 February 2007 was 13,980 PJ. This equates to approximately 23 years of production at current levels.

Gippsland Basin still a player: The Gippsland Basin, with 6,859 PJ of reserves was the most significant region in Eastern Australia in terms of gas reserves (and production) despite over 30 years of gas production.

Cooper in decline: By contrast, the Cooper Basin had 1,213 PJ of 2P gas reserves and production was now in decline following 30 years of production. CSG 2P reserves were approximately 4,000 PJ.

The biggest source – Queensland: The main area of CSG reserves was located in SE Queensland. A comparison between the gas reserves (2P) in Eastern Australia over the last five year period (2002 to 2007) shows that despite approximately 2,800 PJ of sales gas being produced in this period, 2P gas reserves have actually increased by a net 4,710 PJ. This demonstrates a healthy reserves replacement ratio of 260 per cent over this five year period.

Posted in 2P, Coal Seam Methane, CSG, CSM, natural gas, NSW, Owen Review, Volume 2520 | Leave a Comment »

NSW Gas Demand 2000-2030 – base case

Posted by gasweek on 18 September, 2007

NSW gas demand base case forecast: For the Owen Review, Wood Mackenzie built a gas supply forecast based on a project by project analysis of 2P (Proven plus Probable) gas reserves and supply capacity. In addition, it evaluated a portion of the 3P (Possible) gas reserves of specific CSG projects that it believed was capable of development and production within the period to 2030. For this report, Wood Mackenzie provided this analysis on a total supply basis for Eastern Australia, with future production divided into three categories, each with a different degree of certainty that the gas will be delivered to market.

The three categories were:

• existing Contracted production;

• uncontracted remaining reserves, and the

• likely Additional Potential gas.

Posted in 2P, Coal Seam Methane, CSG, CSM, NSW, Owen Review | Leave a Comment »

NSW: Ombudsman to investi­gate startling claims the State Government has been spying on Liberal MPs

Posted by gasweek on 18 September, 2007

The Ombudsman would investi­gate startling claims the State Government had been spying on Liberal MPs, reported The Age (4/9/2007, p.3). The Opposition last week discovered that all documents faxed to Liberal MP Christine Fyffe since February had been electronically copied and emailed to the office of a Labor MP, Kirstie Marshall. Opposition Leader Ted Baillieu has branded as unethical the Government’s failure to alert Fyffe that it was receiving her private correspondence for seven months.

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Posted in NSW, Security, Volume 2520 | Leave a Comment »

Los Angeles Times labels APEC a “festival of fakery” and anti-Kyoto grandstanding

Posted by gasweek on 18 September, 2007

John Howard may have talked up his Sydney Declaration but a leading US newspaper has attacked the APEC climate change plan as “vague” and “useless for anything but padding a fading prime minister’s environmental resume,” reported The Australian (10/9/2007, p.9).

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Posted in China, NSW, Policy, Public Opinion, US, Volume 2520 | Leave a Comment »

APEC media revolt: Journalists, led by Michelle Grattan, tell APEC press managers politicians don’t decide which questions to take, or from whom

Posted by gasweek on 18 September, 2007

Members of the Australian media did not have it so good. Journalists were stunned into silence on 9 September when told that John Howard would hold a press conference on the final day of APEC but “media must submit their name, name of the media organisation and the question” ahead of time, reported The Australian (10/9/2007, p.9).

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Posted in NSW, Policy, Public Opinion, Security, Volume 2520 | Leave a Comment »

ASIO chief Paul O’Sullivan refused entry into two venues during APEC but Osama bin Laden lookalike in fake Canadian motorcade, waved-through

Posted by gasweek on 18 September, 2007

ASIO chief Paul O’Sullivan was refused entry into two venues during APEC leaders’ week in Sydney, but an Osama bin Laden lookalike in a fake Canadian motorcade was waved through two police checkpoints, reported The Australian, (10/9/2007), p. 9.

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Posted in NSW, Public Opinion, Security, Volume 2520 | Leave a Comment »

Accredited New Zealand journalist says she was escorted out of final APEC media session in Sydney because Chinese officials felt “uneasy”

Posted by gasweek on 18 September, 2007

An accredited New Zealand journalist says she was escorted out of the final APEC media session in Sydney because Chinese officials felt “uneasy” about her presence, reported The Canberra Times (11/9/2007, p.4).

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Posted in China, NSW, NZ, Policy, Taiwan, Volume 2520 | Leave a Comment »

Greenpower merges Planet Gas and European Gas’ seven CSM tenements in Victoria, NSW, SA and WA

Posted by gasweek on 18 September, 2007

Still on coal seam gas, Greenpower was passing the hat for $6-10 million to explore across seven tenements in Victoria, NSW, SA and WA, reported The Australian (14/9/07, p. 25).

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Posted in Coal Seam Methane, CSG, CSM, NSW, SA, Victoria, Volume 2520, WA | Leave a Comment »

Prior to SEAGas, MAPS fully contracted, with no spare capacity at peak times: lack of pipeline capacity forces peaking units onto liquid fuels, says NEMMCO report

Posted by gasweek on 18 September, 2007

Utilising slightly higher priced gas prices in neighbouring zones may well be preferable to seeking low gas prices only to find the station having to run on liquid fuels due to pipeline capacity constraints. Prior to the SEAGas development, MAPS was fully contracted, with virtually no spare capacity available at peak times. This forced peaking units on to liquid fuels more often than not. Peaking stations generally did not reserve firm pipeline capacity, but instead relied on interruptible services with resort to liquid fuels if adequate pipeline capacity was not available when needed, noted ‘Fuel resource, new entry and generation costs in the NEM’, a report to NEMMCO by ACIL Tasman (27/3/2007).

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Posted in Liquids, natural gas, NSW, OCGT, Pipelines, Transmission, Victoria, Volume 2520 | Leave a Comment »

NSW gas is now at $3 to $4 per gigajoule and gas ex-WA terminals, $8 to $9 per gigajoule

Posted by gasweek on 17 September, 2007

NSW gas is now at $3 to $4 per gigajoule and gas ex-WA terminals is $8 to $9 per gigajoule said Ken Baxter, former secretary of the Department of Premier & Cabinet in Victoria, and now, non-executive director of the Hydro Electricity Corp of Tasmania. In an opinion-piece in The Australian Financial Review, (15/9/2007, p. 63) Baxter wrote; “Paul Keating demonstrated with privatisation of the Commonwealth Bank and Qantas that iconic institutions could be privately owned and prosper without massive government subventions. NSW’s electricity sector is not iconic. Governments’ choices should be to provide capital and recurrent funds for its core functions”.

NSW pipeliners want higher price: Baxter argued “No new investment will be made in gas pipelines if NSW prices remain at the current levels”.

Blame China for NSW gas price rise: “If Chinese demand for energy continues to expand, NSW energy consumers will face the prospect that energy prices could double between now and 2012, regardless of who owns the generators and retailers.”

The Australian Financial Review, 15/9/2007, p. 63

Posted in NSW, Price, Volume 2520, WA | Leave a Comment »