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IEEFA Research

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars

Industry problems hit before the pandemic, were made worse by it and will persist even after the economy improves

October 20, 2020 (IEEFA) — After years of benefitting from record oil and gas revenues, global markets are signaling the beginning of the end of New Mexico’s financial reliance on fossil fuels. Leases, royalty payments and taxes from the oil and gas industry have directly accounted for as much as 30 percent of the state’s […]

IEEFA: Tough times ahead for Indonesian coal producers as China and India demand drops

Indonesian coal at the mercy of the 'dragon and tiger'

June 26, 2020 (IEEFA Indonesia) – Weaker coal demand in China and India in the wake of the COVID-19 epidemic and compounded by policies favoring domestic coal industries will cause severe shortfalls in output for 10 major listed Indonesian coal producers in 2020, finds a new report from the Institute of Energy Economics and Financial […]

IEEFA update: Coal seam gas is high cost gas for Queenslanders

Gas no longer a competitive fuel for electricity production in Queensland

30 October 2019 (IEEFA Australia): Gas consumers in Queensland are currently paying 51% more than export parity prices according to the ACCC while recent gas developments have brought short term booms but resulted in massive wealth destruction for small towns. IEEFA gas analyst Bruce Robertson spoke at an event attended by locals at the Bundaberg […]

More News and Commentary

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars
and

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars

Industry problems hit before the pandemic, were made worse by it and will persist even after the economy improves

October 20, 2020 (IEEFA) — After years of benefitting from record oil and gas revenues, global markets are signaling the beginning of the end of New Mexico’s financial reliance on fossil fuels. Leases, royalty payments and taxes from the oil and gas industry have directly accounted for as much as 30 percent of the state’s […]

and

IEEFA: Tough times ahead for Indonesian coal producers as China and India demand drops

Indonesian coal at the mercy of the 'dragon and tiger'

June 26, 2020 (IEEFA Indonesia) – Weaker coal demand in China and India in the wake of the COVID-19 epidemic and compounded by policies favoring domestic coal industries will cause severe shortfalls in output for 10 major listed Indonesian coal producers in 2020, finds a new report from the Institute of Energy Economics and Financial […]

IEEFA report: Can Indonesia’s coal industry survive COVID-19?
and

IEEFA report: Can Indonesia’s coal industry survive COVID-19?

Coal’s steep price fall raises questions of cash-flow viability

May 11, 2020 (IEEFA Indonesia) – A steep fall in coal prices as the COVID-19 pandemic spreads has raised questions about the cash flow viability of six out of 11 listed Indonesian coal producers, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study of the 11 listed […]

and

IEEFA Australia: Adani Group to receive up to $900m in early Christmas present from Queenslanders

Expected on the one-year anniversary of declared self-funding for Carmichael coal project

29 November 2019 (IEEFA Australia) – Queensland Treasury are expected to sign off on a massive early Christmas present worth up to $900m packaged as a seven-year royalty deferral – another term for a capital subsidy – for the Adani Group on 30 November 2019 (likely to be announced on 29 November), ironically on the […]

and November 28, 2019 Read More →
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IEEFA Australia: Oil and gas industry paying less tax than Telstra

IEEFA recommends total overhaul of broken royalty and tax system providing loopholes for the oil and gas industry

25 November 2019 (IEEFA Australia): Australian company Telstra paid twenty times as much tax as all of the oil and gas companies in Australia despite having similar revenues according to the latest data provided by the Australian Taxation Office (ATO). Companies working in Australia’s oil and gas industry paid just $81 million in tax in […]

and

IEEFA update: Coal seam gas is high cost gas for Queenslanders

Gas no longer a competitive fuel for electricity production in Queensland

30 October 2019 (IEEFA Australia): Gas consumers in Queensland are currently paying 51% more than export parity prices according to the ACCC while recent gas developments have brought short term booms but resulted in massive wealth destruction for small towns. IEEFA gas analyst Bruce Robertson spoke at an event attended by locals at the Bundaberg […]

, and

IEEFA Australia: NSW Minerals Council fails to see big picture by claiming mine refusal affects hospitals, schools and exports

Australian government has published report showing South Korea’s coal imports are in decline

1 October 2019 (IEEFA Australia): The proposition touted by the NSW Minerals Council and echoed by NSW Deputy Premier John Barilaro that the rejection of the Korean-owned Bylong coal mine proposal last week by NSW’s Independent Planning Commission (IPC) could have an impact on schools and hospitals, and on the growth in coal exports to […]

IEEFA Australia op-ed: Bylong decision should not distract NSW government from considering oversupply risk of new mine projects

Coal mine refusal is another red flag for KEPCO’s overseas coal projects

The New South Wales Independent Planning Commission (NSW IPC) has rejected the proposed Bylong thermal coal mine on environmental grounds. The project is owned by Korean Electric Power Corp. (KEPCO), the state-owned power utility of South Korea – Bylong coal was intended to fuel its domestic power stations. KEPCO now has three months to lodge […]

September 24, 2019 Read More →
IEEFA Australia: Queensland government about to make poor economic decision on Adani mine
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IEEFA Australia: Queensland government about to make poor economic decision on Adani mine

Government needs to recognise the difference between thermal and coking coal

When a product is becoming obsolete, you don’t buy it. You look for alternative products that do the same job, or new innovations that help you stay relevant, up-to-date and competitive in a fast-changing world. Think fluoro to LED lighting, desktop to laptop computers, petrol to electric cars. Thermal coal and renewables – both used […]

IEEFA Australia: Thermal coal export sunset looming closer

Glencore failing investors in its latest forecasts

For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market. Up to 2015 the numbers were singing. Australia was leading the market as the world’s biggest exporter of coal. But then something happened. Australia’s thermal coal exports lost their momentum. […]

November 8, 2018 Read More →