Natural Gas

IEEFA Research

IEEFA Analysis: The Economic Frailties and Rickety Finances Behind the Dakota Access Pipeline

IEEFA Analysis: The Economic Frailties and Rickety Finances Behind the Dakota Access Pipeline

Shippers Are in a Position Now to Renegotiate Contracts; Oil Prices Have Tanked Since Deals Were Signed; Long-Term Outlook for Project is Deeply Uncertain

Construction of the Dakota Access Pipeline has sparked considerable public controversy, bringing national attention to issues that include tribal sovereignty and risks to drinking water. Less publicized are the project’s financial weaknesses, and the fact the pipeline may represent a substantial overbuilding of the Bakken’s oil-transport infrastructure. The report that we released today in partnership […]

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IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

A Financially Weak Pipeline Project Hampered by a Global Glut in Liquefied Natural Gas

We’re publishing a report today questioning the economics and financial footing of the proposed $800 million North East Gas Interconnector (NEGI) in Australia. The report—“Pipe Dreams: A Financial Analysis of the Northern Gas Pipeline”—also examines the implications of awarding an unregulated monopoly over the pipeline to Jemena, a Singaporean and Chinese government-owned company, via State […]

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More News and Commentary

How Australian Gas Companies Are Gouging Australians (and How It Will End)

The Saturday Paper: Bruce Robertson, a gas specialist with the Institute for Energy Economics and Financial Analysis, takes up the story. “So we’ve ended up with these three plants in Gladstone that are the highest cost plants on the globe,” he tells The Saturday Paper. “What that means when we go into a downturn, as […]

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Statoil: In Global Energy Transition, ‘Winners Will Provide Energy With the Lowest Cost and Carbon Footprint Possible’

Wall Street Journal: Norway’s state-owned oil giant Statoil ASA said it was rebalancing its business model so far toward renewables and cleaner fossil fuels that the company’s value would rise even if the world’s governments took drastic actions to limit carbon emissions. In a stress test the company published in its sustainability report Friday, Statoil […]

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A Global Decoupling From Fossil Fuels

Utility Dive: Stricter emissions regulations, a decline in the use of coal, cheaper natural and the rise of clean energy have all helped keep global emissions flat since 2014. The progress has been apparent. According to the IEA, 2016 emissions in the United States were at their lowest level since 1992, almost a quarter century […]

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Awash in Natural Gas, Australia Has a ‘Shortage’

News.com.au: There are warnings today our gas supply could soon fall short, forcing Aussies to swelter through summer. But an expert says it’s “a total failure” we’re in this position. The idea of a shortage in Australia — the largest gas exporter in the world — is an “absurdity”, according to energy analyst Bruce Robertson […]

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IEEFA Update: Global Energy-Finance Transition Gains Steam

Electricity-Generation Technologies of the Past Century Are Growing Increasingly Unappealing to Investors

[Editor’s note: This column is taken from a speech last month to the Australian Senate on its inquiry into the retirement of coal-fired power stations] Good afternoon and thank you for allowing me the opportunity to speak on the critically important topic of Australian coal-fired power station retirements, particularly as it relates to energy system […]

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IEEFA Update: Kemper, Edwardsport, and ‘Clean Coal’

Construction Delays and Budget Overruns; Productivity Problems; High Operating Costs

If the “clean coal” integrated gasification combined cycle (IGCC) technology promoted at home and abroad by the U.S. utility industry sounds too good to be true, it’s because it is. That’s why Moody’s Investors Services warned the other day that it might downgrade the credit of Mississippi Power Company because of the declining competitiveness of […]

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Goldman Sachs: Trump’s Border-Tax Plan Would Give Natural Gas Further Advantages Over Coal

Dan Murtaugh for Bloomberg News: The impact of a border tax plan would more immediately be felt on coal prices, where a higher portion of production costs are in local currencies. The wild card there, Goldman said, would be China, the world’s largest coal producer. Goldman expects China will let its currency depreciate to make […]

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New U.S. Bills to Loosen Regulation of Fossil-Fuel Companies

Amy Harder and Dave Michaels for the Wall Street Journal: One measure repeals a Securities and Exchange Commission rule, completed in June, which requires energy companies to report payments to foreign governments for the right to develop oil, natural gas and mineral assets. The other measure repeals an Interior Department rule, finished in December, which […]

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High-Cost Narrabri Gas of No Value to Santos or Consumers

Australian Project Unlikely to Reach Commercialization

Feb. 2, 2017 — Santos’ Narrabri CSG project, which lodged its Environmental Impact Study (EIS) this week, remains unlikely to ever reach commercialization, according to the Institute for Energy Economics and Financial Analysis (IEEFA). “The project has been a massive loss-making investment for both Santos and its original partner TRUenergy,” said IEEFA analyst Bruce Robertson. “After […]

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The 21st Century Is Conspiring Against Old Energy Companies Like Exxon

Steve LeVine for Quartz: Never mind possible disruptions from a change in social tastes. Exxon is doubling down on tradition, with a zeal that harkens back to a time when oil was the undisputed commodity of the moment and the future. Yet, notwithstanding these blockbuster discoveries, Exxon has been struggling. The strains include the most […]

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