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Archive for the ‘Queensland’ Category

Flynn, newly created central Queensland seat running from west of Longreach to Gladstone, prime target for Nationals

Posted by gasweek on 17 October, 2007

The Nationals were pinning their hopes on a clutch of east-coast seats, particularly the newly cre­ated electorate of Flynn in Queensland and other recently redistributed seats in New South Wales, wrote Cath Hart in The Australian (15/10/2007).

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Posted in Election, Federal, Queensland, Volume 2604 | Leave a Comment »

New Queensland ethanol plant gets $2.2 million funding, will create 400 jobs in construction phase

Posted by gasweek on 17 October, 2007

A new ethanol plant fuelled by 200,000 tonnes of corn, wheat, sorghum and bar­ley was to be built at Casino, in the far north-east of Queensland, within two years wrote Shan Goodwin in The Land (11/10/2007, p. 6). Funding boost of $2.2 million: Read the rest of this entry »

Posted in Agriculture, Biofuels, Policy, Queensland, Volume 2604 | Leave a Comment »

Queensland Treasury fuel subsidy task force wonders why Atherton – 100 km from fuel port of Cairns – sells petrol 0.74c a litre cheaper than Cairns

Posted by gasweek on 12 October, 2007

Queensland’s then Deputy Premier Anna M. Bligh explained the draft terms of reference of the Queensland Treasury fuel subsidy task force to Parliament.

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Posted in Queensland, Volume 2604 | Leave a Comment »

Babcock & Brown AlintaAGL stake exercise price of the option at $1.06 billion

Posted by gasweek on 9 October, 2007

AGL Energy said it would be interested in some or all of Queensland-based Enertrade’s business, as well as energy assets in NSW, should they be priva­tised by the NSW Government. But first it had to decide on its option over AlintaAGL. According to Nigel Wilson, in The Australian, (25/9/07 p. 22), Babcock & Brown Power, which had acquired the majority AlintaAGL stake as a result of the B&B/Singapore Power Inter­national takeover of Alinta, said it had set the exercise price of the option at $1.06 billion. This provides a total enterprise including $506 million in debt) value of $2.09 billion, valuing AGL Energy’s AlintaAGL stake at $522 million (plus $167 mil­lion) in debt.

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Posted in Queensland, Volume 2603, WA | 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 »

Enlarged BBP-Alinta likely to weigh into NSW power privatisation: AGL could cash up to acquire Queensland’s Enertrade

Posted by gasweek on 4 October, 2007

An enlarged BBP-Alinta would be likely to weigh into the NSW power privatisation, reported The Australian (25/9/2007, p. 25).

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Posted in Queensland, Volume 2602 | Leave a Comment »

Former Energex chair Ross Dunning cleared of sex charges; new role as chair of Townsville Port Authority

Posted by gasweek on 2 October, 2007

Former Energex chair Ross Dunning has won a boardroom reprieve after being cleared of child sex charges, wrote Steven Wardill in The Courier Mail (28/9/2007, p.10).

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Posted in Queensland, Volume 2602 | Leave a Comment »

Reserves of 224 petajoules in Queensland; Sunshine contracting gas at low prices to gain support for its development

Posted by gasweek on 25 September, 2007

Coal-seam methane explorer Sunshine Gas plans to be in commercial production within 12 months after confirming reserves of 224 petajoules at its Lacerta project in Queensland, according to The Australian Financial Review (8/8/2007, p. 52).

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Posted in CSM, Queensland, Volume 2520 | Leave a Comment »

Qld Council of Unions head Grace Grace wins Labor preselection for Brisbane Central, vacated last week by Peter Beattie

Posted by gasweek on 25 September, 2007

Queensland Council of Unions head Grace Grace was the latest to walk the well-trod path from the union move­ment to a seat in parliament. Ms Grace, 49, yesterday won Labor pre-selection for the state seat of Brisbane Central, which was vacated last week by Peter Beattie, a year into his fourth term as premier and his seventh as the local member. Grace, who was a federal political adviser before joining the union movement in the mid-90s, was the only ALP candidate for preselection for the by-election, which will be held on 13 October.

The Australian, 22/9/2007, p. 3

Posted in Queensland, Volume 2520 | Leave a Comment »

Queensland Gas suffers $12.2 million loss, compared with a $6.3 million loss a year earlier, despite 11-fold sales increase

Posted by gasweek on 21 September, 2007

According to Stephen Wisenthal in The Australian Financial Review (20/9/2007, p.17), Queensland Gas’s net result for the first full year of production from its fields west of Brisbane was a $12.2 million loss, compared with a $6.3 million loss a year earlier. Read the rest of this entry »

Posted in Australia, Gas, Queensland, 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 »

Santos forecasts 14K barrels/day oil from Cooper Basin by end 2007: profitable as long as oil-price stays high

Posted by gasweek on 20 September, 2007

Santos remained confident the program to drill for the oil deposits left behind when gas was the target in the Cooper Basin would be delivering 14,000 barrels a day by the end of 2007, reported The Australian Financial Review (24/8/2007, p.65).

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Posted in Queensland, SA, Volume 2520 | Leave a Comment »

$3 billion Queensland, Cape York ACCA bauxite and alumina project formally declared a significant project

Posted by gasweek on 19 September, 2007

The $3 billion Aluminium Corporation of China Aurukun bauxite and alumina project was formally declared a significant project by the State Government, reported The Courier Mail(8/8/2007, p. 40).

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Posted in Queensland, Volume 2520 | Leave a Comment »

Abandoned Queensland mining sites: remediation deposit collected by EPA grossly inadequate: left for landholder to clean up

Posted by gasweek on 19 September, 2007

According to Peter Kenny, president of land holder lobby-group AgForce, mining operations have abandoned a site and the remediation deposit collected by the Environmental Protection Agency (EPA) has been grossly inadequate, which means the site is effectively left for landholder to clean up. This situation must be rectified and the EPA given the powers and resources to properly manage this situation, he wrote in Queensland Country Life, (6/9/2007), p. 35.

The good the bad and the ugly: “While a number of the larger mining operations act as good corporate citizens, this is not always the case, and it is all too common with some of the smaller operations and newer companies. AgForce will continue to raise these issues with the State Government, and we’ve also included these concerns in our recent submission to the Mining Legislation Review”.
Peter Kenny, AgForce president (07) 3236 3100

Totally stacked with miners: “The current situations is almost totally stacked in favour of the resources sector. While AgForce understands the important role which this sector plays, it should not come at the expense of agriculture, which is a renewable and sustainable resource. We also see farmers treated differently to some mining operations when it comes to environmental issues – particularly on vegetation issues and site remediation”.

Queensland Country Life, 6/9/2007, p. 35

Posted in Queensland, Remediation, Volume 2520 | Leave a Comment »

CSR plans sale of energy assets; or does it? Conglomerate faces asbestos liabilities as it expands its Queensland ethanol and electricity interests

Posted by gasweek on 18 September, 2007

CSR chief executive Jerry Maycock had given his strongest indication yet that he is amenable to a break-up of the conglomerate, acknowledging the longer-term sense in separating its “eclectic mix of assets”. Analysts also point out that energy is emerging as a common area for the company’s sugar and building products arms. The sugar business is developing into areas including ethanol and electricity generation while the building products arm is growing its energy-efficient products range, reported The Australian Financial Review, (11/9/2007, p.20).

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Posted in Ethanol, Generation, Liquids, Queensland, Volume 2520 | Leave a Comment »

NEM zone with lowest gas cost is northern NSW at $2.38/GJ; only other zone below $3.00/GJ is southwest Qld, says NEMMCO report

Posted by gasweek on 18 September, 2007

The delivered gas prices projected to be available for gas-fired base/intermediate load plant in each of the 17 NEM zones were detailed in ‘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 2P, CGGT, Coal Seam Methane, CSG, CSM, natural gas, Pipelines, Price, Queensland, Volume 2520 | Leave a Comment »

World is not about to run out of oil, according to Queensland’s new Minister for Sustainability Andrew McNamara

Posted by gasweek on 17 September, 2007

The world is not about to run out of oil, according to Queensland’s new Minister for Sustainability Andrew McNamara, reported The Courier Mail (15/9/2007, p.17).

Financial domino effect: He said the report commissioned by the Government on the looming peak oil crisis warns that rising oil prices will continue to fuel inflation and interest rates, placing further pressure on so-called “mortgage belt” families in out­lying suburbs. Not only will their cost of transport rise dramatically but so will mortgage repay­ments and the cost of food due to rising transport charges. McNamara said key State Govern­ment departments such as Primary In­dustries, Transport and Treasury are now undertaking more detailed modelling of the oil problem.

The Courier Mail, 15/9/2007, p. 17

Posted in Peak oil, Queensland, Volume 2520 | Leave a Comment »

Queensland’s Fairview, Scotia and Roma fields to supply between 170 petajoules and 220 petajoules a year to the Gladstone LNG plant

Posted by gasweek on 17 September, 2007

Under the Santos plan gas would be supplied from the company’s Bowen Basin and Surat Basin coal methane reserves which it estimates at more than 5000 petajoules, according to The Australian (19/7/2007, p. 19).

Scotia and Roma fields supplies to Gladstone: Santos said its Fairview, Scotia and Roma fields would supply between 170 petajoules and 220 petajoules a year to the Gladstone LNG plant. Two years ago Santos paid $612 million for the Fairview coal methane property and has since spent more than $200 million on development work.

Capital raising for $300 million expansion: The Santos announcement was made in Gladstone as rival operator Arrow Energy launched a $150 million capital raising to help fund a near $300 million expansion designed to meet a contract, announced in May , to supply gas to a planned 1 million tonnes a year LNG facility, also at Gladstone, being promoted by LNG International and Golar LNG. It is smaller and not related to the Santos proposal, but is already in production.

The Australian, 19/7/2007, p. 19

Posted in LNG, Queensland, Volume 2520 | Leave a Comment »

First LNG project supplied by CSG: Santos Gladstone LNG forecast to produce 3-4mt LNG/yr from Curtis Island; ‘major project’ status allocated

Posted by gasweek on 15 September, 2007

Gladstone LNG, due for final investment go-ahead towards the end of 2009 and first production early in 2014, will be the first LNG project supplied by coal-seam gas, which will come from Santos’s huge resource in central Queensland, reported The Australian Financial Review (20/7/2007, p.68). The Queensland Government has given Gladstone LNG major project status, which will help ease regulatory hurdles, and Central Queensland Ports Corp agreed to provide Santos a site on Curtis Island.

Major advantages: John Ellice-Flint conceded it may take time for analysts and investors to get used to the idea of exporting coal seam gas, but insisted there were major advantages, including development costs. “Anything onshore is going to be cheaper than anything offshore.” Gladstone LNG was forecast to produce between 3 and 4 million tonnes of LNG a year, requiring between 170 and 220 petajoules of gas a year. Analysts said Santos will have to manage the ramp-up of production from the 500 wells it planned to drill during the five-year development of Gladstone LNG, but it will be able to shut-in some of its conventional gas output to match domestic supply and demand in the meantime.

Gladstone costs less: Ellice-Flint said Gladstone was a cheaper place to build an LNG project than either Darwin or the North-West Shelf because it had existing infrastructure and a large number of experienced workers. Between 200 and 300 of the workers who built Darwin LNG, for example, lived in Gladstone. “If you compare the access to skills and facilities in Gladstone, you cannot compare them with northern Australia or Western Australia,” he said. “You’ve got rail, you’ve got power, you’ve got people that are used to building large construction projects. Deepwater ports [like Gladstone’s] are critical in LNG.”

The Australian Financial Review, 20/7/2007, p. 68

Posted in LNG, Queensland | Leave a Comment »