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Narrabri Coal Seam Gas
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Bruce Robertson
Embedding gas infrastructure for the next 30 years remains a poor investment decision
Santos’ controversial Narrabri gas project in northern New South Wales received final federal government approval yesterday, despite a record number of objections to the project. In investment there are three factors bankers and investors assess before making an investment. They look at environmental, social and governance (ESG) factors and this project clearly fails the social […]
Bruce Robertson
With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking
With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]
Press Release, Bruce Robertson, Clark Butler and Clark Williams-Derry
In the home of U.S. oil and gas, private investors are pouring money into renewables
19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]
Press Release and Bruce Robertson
29 September 2020 (IEEFA): Australian gas consumers will likely see higher, rather than lower gas prices if Santos’ Narrabri gas fields are approved due to the distance the gas must travel to reach consumers on infrastructure that will need to be built. Gas/LNG financial analyst Bruce Robertson concludes the proposed Narrabri gas fields are uneconomic […]
Bruce Robertson
Overproduction has led to higher prices and lower consumption in Australia
With their announcement this week of subsidies for a major new gas plant in the Hunter Valley, Prime Minister Scott Morrison and Energy Minister Angus Taylor have made it clear: whatever the roadmap, there’s only one destination – gas. It is dressed up as a measure for job creation, cheaper gas for consumers and energy […]
Press Release and Bruce Robertson
The Narrabri gas project must be rejected
26 August 2020 (IEEFA Australia): The NSW Independent Planning Commission (IPC) will have no other avenue but to reject the proposed coal seam gas project in Narrabri, New South Wales after assessing the clear and unequivocal evidence surrounding the many economic and environmental, social and governance issues related to the proposal, notes the Institute for […]
Bruce Robertson
The story of the Narrabri gas project
The controversial Narrabri gas project for New South Wales, Australia enters the final stages of approval with over 400 people presenting to the Independent Planning Commission who will determine its fate. The project is the most hotly contested resource project in the history of the state with over 23,000 submissions, 98% of which objected to […]
Bruce Robertson
It’s crunch time for the future of the north west of New South Wales, Australia. Will the region choose gas, or a renewable future? Jobs and investment are needed in the North West now, not in a decade’s time. Let’s look at what’s on the table. We’ve just seen the New South Wales government announce […]
IEEFA
Australian Financial Review: Write-downs by Santos of up to $US800 million (A$1.13 billion) have axed $US7 billion of asset value from ASX-listed oil and gas producers in nine days, underlining the heavy toll the COVID-19 pandemic is taking on one of the country’s biggest export industries. The damage includes a fourth impairment on the value […]
Bruce Robertson
The NCCC’s gas-based agenda is bound for failure
Australia’s National COVID-19 Coordination Commission (NCCC) has outlined its plans for a gas-fired recovery in a leaked report. Essentially it is looking to lower the domestic price of gas to $4/gigajoule by following the U.S. model of gas production and build a gas intensive manufacturing base off the back of this cheap resource. There are […]
IEEFA: What Australia can learn from Texas’ embrace of clean energy
In the home of U.S. oil and gas, private investors are pouring money into renewables19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]