No royalties are paid on 56% of gas exported from Australia including 73% of gas exported from Western Australia, according to the Australia Institute.
Global energy company Santos has signed a long-term liquefied natural gas (LNG) supply and purchase agreement with Japan’s Hokkaido Gas.
Queenland has ruled Glencore-owned Carbon Transport and Storage Corporation’s Surat Basin Carbon Capture and Storage (CCS) project is unsuitable to proceed due to potential impacts on groundwater resources in the Great Artesian Basin.
Funding worth AU$1m (£480,000) has been awarded to a government-backed Australian energy partnership to develop a project that will demonstrate how green hydrogen production can reduce the cost of renewable methanol by up to 20%.
A ‘green iron’ project which would use hydrogen produced by the Central Queensland Hydrogen Project (CQ-H2) has been launched in Gladstone, Queensland.
The Australian Government will spend AU$566m (US$378m) in new offshore mapping programmes that will also help identify new carbon capture and storage (CCS) locations and possible sites for clean hydrogen projects.
Australia is budgeting up to AUD$22.7bn ($15bn) in industrial development over the next decade as it aims to become a clean energy and renewables ‘superpower’.
Mining Minerals & Metals (MMM) believes Georgina Energy can become a leading global producer of helium and hydrogen after it announced a reverse takeover which is expected to close late Q2.
JERA and INPEX are to carry out feasibility studies on capturing carbon dioxide (CO2) emitted by the former in Japan and transporting it to Australia for underground storage.
The New Zealand arm of Australian industrial gases company Coregas has joined the Halcyon Green Hydrogen project which aims to launch the country’s first green hydrogen fast refuelling station.
