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Press Release and Guest Commentary: John Robert
With export markets' changing expectations, investors and industry beware
31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]
IEEFA
ReNews.biz: Acciona and international metals group Korea Zinc have reached an agreement to jointly develop the 923MW MacIntyre Wind Farm in Queensland, Australia. MacIntyre is one of the largest renewable energy projects in Australia, and the largest energy project in Acciona’s portfolio. Under the agreement Ark Energy, a subsidiary of Korea Zinc, will take a […]
IEEFA
Energy Storage News: LG Energy Solution has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS). The South Korea-headquartered company, recently spun out of parent company LG Chem’s brand towards the end of last year, said it will […]
IEEFA
Global Construction Review: A massive coal power project South Korea is facing renewed scrutiny after activists called for a state audit of domestic banks that are providing $1bn of its $4.3bn cost, The Korea Herald reports. The 2.1GW power station is being developed by Samcheok Blue Power Plant in Gangwon Province with completion scheduled for […]
IEEFA
CNN Business: Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are still being channeled into fossil fuels, and Asia’s banks are doing much of that business. Globally, 380 commercial […]
IEEFA
Offshore Engineer: Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion, counting the projects in the early planning stages. “A significant market for […]
IEEFA
Renew Economy: Whitehaven Coal has become the latest Australian miner to announce massive losses as the collapsing thermal coal price continued to wreak havoc on the industry. In the six months to December, Whitehaven lost $94.4 million. It comes a day after BHP revealed it was writing down the value of its thermal coal assets […]
IEEFA
Reuters: South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic. The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil […]
Guest Commentary: Gerard Kreeft
Shows how to pivot from an oil company to an energy company
Last summer, French oil and gas giant Total SE announced a $7 billion impairment charge for two Canadian oil sands projects. This might have seemed like an innocuous move, merely an acknowledgement that the projects hadn’t worked out as planned. Yet it opened a Pandora’s box that could change the way the industry thinks about […]
Press Release and Bruce Robertson
Pakistan and Bangladesh have already cancelled tenders for LNG imports
14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders
With export markets' changing expectations, investors and industry beware31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]