R/€ = 20.55 Change: -0.03
R/$ = 17.43 Change: 0.04
Au 1936.12 $/oz Change: -59.12
Pt 938.73 $/oz Change: -26.41


Gas to assist in Covid recovery - report

By: Esmarie Iannucci     10th August 2020 – The global gas industry is expected to play a ‘vital role’ in economic recovery post Covid-19, and in a cleaner energy future, a new report by the International Gas Union (IGU) has found. In its Global Gas Report 2020, the IGU noted that after growing by more than 2% in 2019, global gas use is... 

Union raises concerns at Gorgon

By: Esmarie Iannucci     23rd July 2020 The Australian Manufacturing Workers’ Union (AMWU) is calling for the shut-down of the Gorgon liquefied natural gas (LNG) project, in Western Australia, claiming reports of ‘massive cracks’ in pressurized propane kettles. The AMWU said in a statement that cracks of up to 1 m long and 30 mm deep... 

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer     21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... 

Virtual event to showcase opportunities arising from mega Moz gas projects 

By: Terence Creamer     16th July 2020 A virtual event is being planned for early August to expose South African companies to the opportunities that are likely to arise directly from the mega-scale liquefied natural gas (LNG) projects that are starting to take shape in northern Mozambique, as well as various associated projects,... 

Australian gas prices among lowest in Asia

3rd July 2020 New data by the International Gas Union (IGU) has shown that Australia’s average natural gas prices remained among the lowest in Asia. In its 2020 Wholesale Gas Price Survey, IGU showed that average wholesale gas price in Australia last year was around 40% less than the average wholesale price... 

Renergen and Total SA ink LNG distribution agreement 

By: Simone Liedtke     3rd July 2020 Emerging domestic natural gas and helium producer Renergen and Total South Africa have signed an agreement for the joint marketing and distribution of liquefied natural gas (LNG) through Total’s service stations. The first route targeted under the agreement will be the N3 between Johannesburg and... 

Qld invests in new exploration ventures

By: Esmarie Iannucci     16th June 2020 The Queensland government has announced a A$10-million funding package as part of its economic recovery plans to assist in funding exploration for new economy minerals and support mine technology innovators to drive future mine jobs. Premier Annastacia Palaszczuk said A$10-million in exploration... 

Australia facing stiff LNG competition

By: Esmarie Iannucci     12th June 2020 Australia could be facing increasing competition in the global supply of natural gas, the Australian Petroleum Production and Exploration Association (Appea) said this week. Pointing to a new report by the International Energy Agency (IEA), which showed that the global demand for natural gas is... 

Aus/US ink petroleum agreement

By: Esmarie Iannucci     3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... 

Woodside predicts two year low oil price

By: Esmarie Iannucci     1st May 2020 Oil and gas major Woodside has warned shareholders that the low oil price environment could persist for the next two years. Speaking during the company’s annual general meeting, CEO Peter Coleman noted that the oil and gas industry had been confronted not only by the challenges presented by the... 

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