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Aussie LNG export revenue to decline in FY23-24 on lower prices: report

The federal government s Resources & Energy Quarterly report forecasts a further fall of A$8bn in revenue in FY24-25.

Resources energy quarterlyEnergy quarterlyOil and gas bodySamantha mccullochGas productionOil and gas industryReliable and significant economic driverEnergy securityFederal governmentAustralian petroleum production amp exploration association

Australia plans to extend gas price cap till mid 2025

The cap can, however, can be relaxed for big producers who agree to domestic supply commitments and small producers who supply only to the local market.

Oil and gas bodyAustralian governmentGas supplyGas producerAnd the industry ministerOil and gas industrySenex energyMadeleine kingGas projectPosco internationalFederal governmentChris bowenNatural gas developmentsElectricity billsGas producersGas code

Australia announces gas price cap in some states

AEMO announced administered price caps of A$40/gigajoule in the Sydney and Brisbane short-term trading markets while Victoria’s gas market also remains capped.

New south walesChris bowenDamian dwyerAustralian energy regulatorAustralian energy market operatorGas supply guaranteeOil and gas bodyGas supplyAustralian east coastGas security mechanismIndustrial gas marketHigh gas demandActing ceoGas marketGas supply guarantee mechanism yesterdayEnergy minister

Oil, gas driving Australia s economic recovery: Appea

Australia’s oil and gas industry increased production last year despite the challenges of COVID‑19, Appea said.

Northern territoryDamian dwyerKey statistics cardWestern australiaCrude oilOil and gas bodyOil and gas industryConventional gas productionNatural gas productionFund public servicesActing ceo

Appea appoints new CEO

Samantha McCulloch joins Appea from the International Energy Agency, having led the IEA carbon capture, utilisation and storage unit since 2018.

Ian daviesSamantha mccullochAustralian petroleum production exploration association appea onInternational energy agencyAustralian petroleum productionExploration associationEnergy supplyOil and gas bodyCleaner and affordable energy supplyAustralian petroleum production amp exploration association

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