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Australia s AGL Energy cuts full-year profit forecast after outage at Liddell plant

Australia s AGL Energy cuts full-year profit forecast after outage at Liddell plant Reuters 21/12/2020 © Reuters/David Gray The logo of AGL Energy Ltd, Australia s no.2 power retailer, adorns the building of their head office in Sydney, Australia (Reuters) - AGL Energy Ltd slashed its fiscal 2021 profit forecast on Monday as an outage at one of its coal-fired plants and lower wholesale electricity prices pressured Australia s top power producer, sending its shares down more than 6%. The Sydney-based company now expects underlying profit after tax between A$500 million and A$580 million ($378.40 million-$438.94 million) for the year to June 30, 2021, down from its previous expectation of between A$560 million and A$660 million.

New south walesDavid grayArpit nayakSubhranshu sahuEnergy ltdDavid gray theபுதியது தெற்கு வேல்ஸ்டேவிட் சாம்பல்ஆர்பிட் நாயக்ஆற்றல் லிமிடெட்டேவிட் சாம்பல் தி

Australia s AGL makes final push to win approval for LNG import terminal

Australia s AGL makes final push to win approval for LNG import terminal Reuters 17/12/2020 By Sonali Paul © Reuters/David Gray The logo of AGL Energy Ltd, Australia s no.2 power retailer, adorns the building of their head office in Sydney, Australia By Sonali Paul MELBOURNE (Reuters) - Australia s AGL Energy Ltd on Thursday made a final bid for approval of a long delayed gas import terminal in the state of Victoria which it said would fill an expected shortfall in gas supply from 2024 and not damage the environment. AGL in 2016 was the first company to propose importing liquefied natural gas (LNG) to southeastern Australia, aiming for deliveries to start in 2021, but its plans were held up due to pressure from opponents for an extended environmental review.

New south walesCrib pointPort kemblaDavid grayChristopher cushingSonali paulGreg huntChristopher townsendViva energy group ltdEnergy ltd onAustralian industrial energy pty ltdEnergy ltdDavid gray theபுதியது தெற்கு வேல்ஸ்எடுக்காதே பாயஂட்போர்த் கேம்பிள

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