Friday, 24 March, 2017

Australian states unveil plans for 200MW of energy storage projects

SA energy plan: Australia's largest battery, return of the state-owned power plant South Australia's $550m plan for energy security includes gas plant and grid-scale storage
Saul Franklin | 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 .

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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'.

Congress cries foul over lost opportunity to rule Goa, Manipur
The smaller parties did not offer support the Congress because they were not sure how Congress would treat them. Salve: "They [Congress] are saying you [BJP] are a very powerful party and you can manipulate a majority".

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.

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