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Latest news: Natural Gas

Little relief for consumers as Origin posts $1b profit

Little relief for consumers as Origin posts $1b profit

Origin Energy expects another tough year for cash-strapped customers after posting an FY23 net profit of $1.06 billion as it prepares for a foreign takeover.

WA domestic gas update to 'safeguard' supply, growth

WA domestic gas update to 'safeguard' supply, growth

WA domestic gas update to 'safeguard' supply, growth

WA domestic gas update to 'safeguard' supply, growth

The West Australian government has moved to secure the domestic supply of gas for industrial development, but the sector warns it will stymie investment.

Tool exposes 'risky' assumptions behind climate pledges

Tool exposes 'risky' assumptions behind climate pledges

Tool exposes 'risky' assumptions behind climate pledges

Tool exposes 'risky' assumptions behind climate pledges

Some companies are too reliant on "risky" carbon capture and storage assumptions when claiming they are meeting global climate targets, data shows.

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Greens, Pocock stare down Treasury on proposed gas tax

Greens, Pocock stare down Treasury on proposed gas tax

A proposal to raise more revenue from oil and gas companies faces a senate battle as crossbenchers team up to push the government to go further with the tax.

Offshore gas tax intact as sector seeks bipartisanship

Offshore gas tax intact as sector seeks bipartisanship

The oil and gas industry is calling for coalition support for a key budget measure to end a crossbench campaign to double the hike in taxes on offshore fields.

NSW won't add gas cooktop ban to its energy plate

NSW won't add gas cooktop ban to its energy plate

Federal MPs have slammed NSW Premier Chris Minns's captain call that will permit gas connections to be installed in new households far into the future.

Mixed quarter for Origin with Eraring's future unknown

Mixed quarter for Origin with Eraring's future unknown

No decision has been taken by Origin Energy on keeping coal-fired power station Eraring running for longer, but some say it's not needed to keep the lights on.

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Rooftop solar surge eases wholesale electricity prices

Rooftop solar surge eases wholesale electricity prices

Rooftop solar surge eases wholesale electricity prices

Rooftop solar surge eases wholesale electricity prices

Rooftop solar is reducing wholesale electricity prices but the market operator warns more transmission is needed to keep the lights on in a post-coal system.

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Workers made obsolete in the push from coal, oil and gas to clean energy should receive individual career support packages, a business-backed think tank says.

Call for energy investors to make most of 'golden age'

Call for energy investors to make most of 'golden age'

Call for energy investors to make most of 'golden age'

Call for energy investors to make most of 'golden age'

Energy investors have been urged to take advantage of Australia's golden age in climate policy, with "crazy, science-denying" naysayers waiting in the wings.

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Federal Climate Minister Chris Bowen has taken a swing at his political opponents, claiming a "cabal of climate denial" runs policy in the federal opposition.

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

The government's mandatory gas code is expected to have little impact on bills for households and small businesses, with exemptions covering the bulk of supply.

Banks 'failed human rights' over Santos NT gas project

Banks 'failed human rights' over Santos NT gas project

Banks 'failed human rights' over Santos NT gas project

Banks 'failed human rights' over Santos NT gas project

Tiwi and Larrakia traditional owners say the big four banks have failed to respond to human rights complaints over a proposed gas project off the NT coast.

Taxpayers pipe $70m into Hunter renewable hydrogen hub

Taxpayers pipe $70m into Hunter renewable hydrogen hub

Taxpayers pipe $70m into Hunter renewable hydrogen hub

Taxpayers pipe $70m into Hunter renewable hydrogen hub

Chemicals giant Orica says industrial-scale renewable hydrogen and green ammonia is within reach, and would free up domestic gas supply for households.

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How to make net zero happen: 'Get on with it and adapt'

Nuclear power is too expensive and slow to build, while offshore wind will be crucial to achieving climate and energy targets, a net zero report finds.

Alumina refinery trial swapping gas power for hydrogen

The federal government is contributing $32 million to a trial project swapping gas for hydrogen to power the emissions-intensive alumina refining process.

Final gas code to take effect; sector warns of shortage

A finalised gas code of conduct aims to avert future price shocks for households and businesses, but producers warn urgent action is needed to boost supply.

ANZ leads big four on climate-aligned banking: report

ANZ is in front as Australia's "big four" move toward more responsible banking as part of a push for net-zero lending and investments by 2050, a report shows.

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Southern states rely on Qld for winter gas supply

Queensland's excess gas supply will be sent to southern states this winter with the supply outlook for the next two winters described as "finely balanced".

Electrifying call for national ban on gas to new homes

Ban gas connections to new homes and set a date for ending residential gas use instead of "enthusiastic inaction" on transition, critics are urging Labor.

WA needs major investment to make ore and steel greener

Western Australia is digging in to play a lead role in decarbonising the world's energy-intensive steelmaking industry, but needs investors with deep pockets.

Push for no new investment in oil and gas 'not right'

A leading financier has warned against the "over-simplification" of the energy transition, backing investment in renewable energy and gas-fired electricity.

Profit upgrade electrifies AGL Energy, power bills soar

AGL Energy says it will spend more than $10 billion over the next decade to exit coal but high wholesale power prices mean profits will more than double.

Steel, iron ore at 'major crossroads' for decarbonising

If the steel sector was a country it would be the third-largest emitter and the second-largest coal consumer, which makes Australia critical to climate change.

Sydney flush with first biomethane injected to gas grid

Organic matter from Sydneysiders' toilets is being transformed into biomethane and injected into the gas grid from a pilot plant in the city's south-east.

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