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Coal imports pour into energy-starved Europe from around the globe

By: Bloomberg 5th July 2022 A hunt by Europe’s coal consumers to replace Russian cargoes with shipments from across the globe has boosted imports to a key hub by more than a third, helping to fill severely depleted stockpiles. Coal poured into the Antwerp-Rotterdam-Amsterdam region -- a huge transport hub for energy and... →

Plans under way to extend the ADGSM

By: Esmarie Iannucci 5th July 2022 The federal government is looking to extend the Australian Domestic Gas Security Mechanism (ADGSM) until 2030 to ensure the mechanism is available to help secure ongoing domestic gas supplies in the next decade. Minister for Resources and Northern Australia Madeleine King said the existing ADGSM... →

Australian resources exports to set new records

By: Esmarie Iannucci 4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... →

G7 to allow fossil-fuel financing if climate pledges are kept

By: Bloomberg 28th June 2022 Group of Seven (G7) nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue provided that the investments are consistent with prior climate-change agreements, according to people familiar with the matter. The final text of the leaders’ statement,... →

Japan to end financing of key coal projects under climate pledge

By: Bloomberg 24th June 2022 Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel. Asia’s second-largest economy will stop providing government-backed yen loans to the Matarbari 2 coal expansion... →

Woodside to face environmental group in court

By: Esmarie Iannucci 22nd June 2022 Oil and gas major Woodside will be facing the Federal Court of Australia in relation to the environmental assessment of its Scarborough project, in Western Australia, after the Australian Conservation Foundation (ACF) commenced proceedings. The ACF said on Wednesday that its case in the Federal... →

Delay gas procurement until policy reflects big cost and emission shifts – study

By: Terence Creamer 20th June 2022 Before moving ahead with the procurement of gas-fired generation, South Africa should update both its Integrated Resource Plan (IRP) for electricity and its Gas Master Plan to reflect prevailing renewables and battery costs, as well as the country’s carbon constraints, a new Meridian Economics... →

Beheadings show Islamist peril persists for Total in Mozambique

By: Bloomberg 16th June 2022 A fresh wave of attacks by an Islamic State affiliate in northern Mozambique has prompted the evacuation of the nation’s biggest solar power plant and threatens to further delay TotalEnergies' $20-billion liquefied natural gas project. Forces from Rwanda and a southern African regional bloc have... →

Minister to review ADGSM

By: Esmarie Iannucci 10th June 2022 Federal Resources Minister Madeleine King has announced a ‘urgent review’ of the Australian Domestic Gas Security Mechanism (ADGSM) to ensure its suitability. The announcement comes as electricity prices on Australia’s east coast surges following outages at a number of coal-fired power stations.... →

Firm offers labour solutions to mines

By: Cameron Mackay 10th June 2022 Integrated employment management solutions company Quyn will use its presence, contacts and previous experience in projects in Mozambique to supply bespoke employment management solutions to the mining sector, says Quyn Mozambique country manager Nelo Teixeira. Quyn provides a range of tailored... →

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