Australian states unveil plans for 200MW of energy storage projects
Australian states unveil plans for 200MW of energy storage projects
South Australia's $550m plan for energy security includes gas plant and grid-scale storage
16 March, 2017, 00:44
In a speech at a gas conference, ACCC chairman Rod Sims said there were three main factors affecting the Australian east coast's gas supply: the introduction of LNG exports which tripled the demand for gas, oil prices falling faster than forecast, and regulatory uncertainty that has significantly limited or delayed gas supply.
The energy market regulator predicts a shortage of gas could lead to widespread power shortages as soon as next year.
AT the height of the controversy over coal seam gas, residents of Gloucester and Fullerton Cove - among other parts of the state - fought pitched battles to stop their backyards from being checker-plated with gas wells of the sort that were already commonplace in Queensland.
"We are going to increase the transparency of the market, it's vitally important Australians know what happens to the gas market", Mr Turnbull said.
"Our plan will restore security and put downward pressure on prices", he said.
"Emergency powers to intervene in market operation decisions are at first glance understandable given recent events, but we do not want a result where market governance is confused and the national character of our market is lost", he said.
The Australian Industry Group said the State Government's package was a "serious response" to the state's energy problems.
A possible path forward for unlocking greater reserves may come from South Australia's plan to offer farmers a direct share of royalties from drilling for gas on their land.
Thousands of Twitter accounts hacked by Erdogan supporters
The Twitter accounts hijacked included those of the European Parliament and the personal profile of French politician Alain Juppe. It appears the breach happened after hackers gained access to a third-party Twitter application called Twitter Counter .
Meet the family behind that viral BBC video
Kelly and his wife both initially anxious the incident would mark the end of his TV appearances. She said the whole thing had been 'a little bit stressful but we are fine, getting better'.
This arrangement will be in place in time for next summer.
In the longer term, Australia needs to make exploration and development easier and get more suppliers into the market, he added. However, the volume of domestic gas, primarily from the states of Queensland and South Australia, diverted to Gladstone to fill cargo ships operating from the three new east coast coal seam gas (CSG)-to-LNG export terminals has surged from 2.3petajoules in the December 2015 quarter to 24 petajoules a year ago. The third has taken the matter on notice.
"To be sustainable, globally competitive and able to attract long-term investment in this state, it is critical South Australian businesses, including Olympic Dam, have access to secure and competitively priced electricity", the company said in a statement.
The scope will include the full supply chain - producers, transporters, retailers. These reforms will improve pipeline capacity trading and gas trading markets.
"They could, for example, weigh carefully their willingness to sell gas on the LNG spot markets above meeting their contractual commitments. We have the ability to control exports", he said.
Soaring energy prices could force Brickworks to shift its manufacturing overseas and end more than a century of making bricks in Australia.
The parties at the meeting will meet again in a month to review progress.
Senator Sinodinos said the Government would not rule out forcing some companies to quarantine gas for the domestic market.
The team plans to look into whether other local conglomerates, including SK, Lotte and CJ, also bribed Park. After leaving the Blue House on Sunday, Park expressed defiance about the corruption allegations.
Shakespeare was on Sunday rewarded for two wins in his two games as a caretaker with the Foxes job until the end of the season. The heat had a bit to do with it as well in Sevilla , they are used to play in it week in week out.
Therefore, Pandora Premium has a big challenge to get subscribers and build critical mass amidst two very strong competitors. Premium is available now for iOS and Android, in the vehicle via Apple CarPlay and Android Auto and on Google Chromecast.
Ms May could theoretically invoke Article 50, which formally starts the Brexit process, as early as Tuesday (Wednesday NZT). May said that another independence referendum would bring "economic uncertainty at the worst possible" time.
Outside of public corruption, Bharara was perhaps best known for overseeing a wave of cases focused on insider trading. It was reported in November that Mr Bharara had met with Mr Trump for a discussion brokered by Senator Charles Schumer.
Mr Maas said the law could apply to fake news articles if they proved to be slanderous, defamatory or libellous. The individual could personally be fined up to €5m (£4.4m) if the company doesn't meet the standards.
" Saturday Night Live " may just have found the secret to finally winning an Emmy this year after a 24-year drought. In the 2009-2010 season, they were supposed to air six primetime episodes as well, but only ended up showing three.
Police Officer Darren Wilson fatally shot 18-year-old Brown while trying to arrest him after the alleged noon robbery. Ferguson police had released surveillance video of Brown strong arming his way out of the same store with cigarillos.
Of an estimated 125,000 transgender Texans, only about 500 have changed the sex listed on their birth certificates, Garcia said. The Texas Association of Business released an open letter Tuesday, revising the negative economic impact this bill would have.
His wife Martina and three young children are believed to have travelled to the site of the search and rescue mission in Blacksod. Gerard O'Flynn, a spokesperson for the Coast Guard, confirmed her death to reporters at Blacksod in Mayo this afternoon.
Shaun Edwards was disappointed to have been accused of a rude gesture while celebrating Wales' Six Nations win over Ireland . We haven't got anything to celebrate yet. "A lot of our boys have been down there so we have some experience".
At Least One Injured in Canada's Syncrude Oil Plant Blaze
Nearby Fort McKay First Nation urged residents to remain indoors and keep their windows and doors closed due to prevailing winds. A fire at Syncrude Canada's Mildred Lake facility was caused by a line failure that allowed a liquid hydrocarbon to leak.
Boult out, Southee in, Broom to debut in second test
The Proteas should field an unchanged line-up on a Basin Reserve wicket which isn't expected to offer any surprises. Du Plessis admitted the squeeze will be on Broom, a veteran batsman but one feeling his way into test cricket.
Lake effect snow warning issued
Thursday can bring a Limited Ice Accumulation Risk, with continued hazardous conditions for Small Craft through Sunday. But because lake-effect bands are only about 10 to 15 miles wide, snow totals can greatly vary over short distances.
Dollar advances as Fed widely expected to raise rates
A buoyant construction industry meant 235,000 new jobs were added to the U.S. economy in February, more than expected. In January, the USA consumer price index (CPI) was 2.5 percent higher than the reported CPI of January 2016.
UM men to open NCAA Tournament play against Michigan State
Johnathan Motley, Baylor: The Bears' big man is averaging 17.3 points and 9.9 rebounds but is coming off a disclocated finger. If you listen to the college basketball talking heads, MI basketball is one of the hottest teams in the country right now.