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Sonali Paul

Mar 20 2017

Norway's Hoegh sees Australia as top target market for LNG imports

MELBOURNE Norway's Hoegh LNG Holdings is targeting Australia as the next destination for its liquefied natural gas (LNG) import ships, its chief executive said on Monday, aiming to fill a looming supply gap that has sent prices soaring.

Mar 16 2017

Australia floats $1.5 billion hydro upgrade to help plug power gap

MELBOURNE/SYDNEY The Australian government said on Thursday it may spend up to A$2 billion ($1.5 billion) to expand a huge hydro power scheme to help solve an energy crisis, although the main owners of the dam have yet to be consulted.

Mar 15 2017

Australia hauls in gas majors to avert local shortage

SYDNEY Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull.

Mar 15 2017

Inpex's Ichthys LNG hit by another contract dispute

SYDNEY/TOKYO, March 15 Inpex's $37 billion Ichthys Australian liquefied natural gas project was hit by another subcontractor dispute, involving the termination of more than 600 workers, but the Japanese company said it was still on schedule for a July-September start.

Mar 14 2017

Australia hauls in gas majors to boost local supply, cap prices

SYDNEY, March 15 Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, are set to come under fire to supply more gas to the local market and curb soaring prices in crisis talks on Wednesday with Prime Minister Malcolm Turnbull.

Mar 14 2017

South Australia taps new gas plant, batteries to fix power crisis

SYDNEY South Australia, the country's most renewable-energy dependent state, outlined plans on Tuesday to spend A$510 million ($385 million) to keep the lights on, just four days after Tesla Inc boss Elon Musk offered to save the state from blackouts by installing large-scale battery storage.

Mar 10 2017

Tesla's Musk offers to fix South Australia's power crisis in 100 days

MELBOURNE Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.

Mar 10 2017

Tesla's Elon Musk offers to solve power crisis in South Australia

MELBOURNE, March 10 Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing 100 megawatt hours worth of battery storage within 100 days of signing a contract.

Mar 08 2017

Coal gets second wind as Australia battles power crisis

MELBOURNE The rise of wind and solar power in Australia was supposed to be the death knell for coal use in the world's biggest exporter of the fossil fuel, but the shunned fuel is finding a new lease of life and may yet attract subsidies to keep the lights on.

Mar 08 2017

Australia faces gas shortage, more blackouts from 2019: market operator

MELBOURNE Australia faces a gas crunch from 2019, raising the risk of power blackouts from a shortage of gas-fired generation and gas supply cuts if no action is taken, the country's market operator said on Friday.

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