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The Latest Breaking News on Energy

Thursday briefing: The weeks that could decide fate of Ukraine conflict

In today’s newsletter: Nearly half a year into the war, and with no end in sight, the coming months could be crucial – foreign correspondent Luke Harding explains why

The Guardian - UK

Energy firm Santos buys Hunter Gas Pipeline from Hilton Grugeon and other owners

Big payday as Hunter Gas Pipeline shareholders cash out to Santos

Newcastle Herald

Rinehart-backed joint venture pledges $1bn gas expansion but hurdles remain

Senex Energy says extra fuel will be for domestic use but plans are yet to secure state or federal environmental approvals

The Guardian - AU

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'Shameful' tax loophole which benefits oil giants must be closed, demands Labour

Shadow Chancellor Rachel Reeves has revealed how oil companies get over 90p of every £1 invested in the North Sea back as a tax break.

Daily Record

Federal government will cover cost of connecting massive new Queensland wind farm to national grid

Federal Climate Change Minister Chris Bowen says the deal will increase renewable supplies to the east coast and put "downward pressure" on energy prices.

ABC News

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

Bangkok Post

Gas users and experts call for federal crackdown on east coast 'gas cartel'

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

ABC News

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The US has finally passed a huge climate bill. Australia needs to keep up

If politics moves slowly, climate politics often feels like it doesn’t move at all.

The Conversation

Hundreds join anti-Gazprom protest in Bulgarian capital

Hundreds of Bulgarians have taken to the streets of the capital Sofia, voicing fears that the country’s caretaker government could break with the policies of its pro-Western predecessor and revert to close energy ties with Russia

The Independent UK

Bowen says Kurri green hydrogen project will be delivered on time and on budget

Energy minister Chris Bowen said he was confident that the gas-fired Hunter Power Project would be able to be converted to green hydrogen for $700 million.

Newcastle Herald

Supermarkets slammed for not passing on fuel price cut to struggling customers

Tesco, Asda, Sainsbury's and Morrisons are presumed to be among the biggest retailers who have failed to cut fuel prices despite a "significant" drop in wholesale costs

Daily Mirror

Government 'doing everything' it can to avoid blackouts this winter

The Single Electricity Market Operator (SEMO) issued am amber alter on Wednesday morning, stating it was due to a 'generation shortfall in Ireland'

Irish Mirror

Eirgrid issues system alert for Ireland's electricity supply for second day in a row

There is an increased risk to the system this winter

Dublin Live

Deal to connect Qld wind farms sooner

The federal government will cover the $160 million cost of connecting one of Australia's largest wind energy projects to the grid.

AAP

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The Guardian - AU

Energy ministers’ reforms to Australia’s electricity market could be path to a carbon price, experts say

Federal, state and territory ministers are set to make emissions reduction a priority for the national electricity market

The Guardian - AU

Australian electricity companies not reducing emissions in line with Paris agreement goals, study finds

AGL, EnergyAustralia and Origin among businesses study says not on track to meet global climate goals to limit heating to well below 2C

The Guardian - UK

UK ministers row back from extending windfall tax on energy firms

Liz Truss and Kwasi Kwarteng make clear they do not support idea briefed by Treasury sources on Tuesday

Evening Standard

UK winter blackouts: When could they happen and how long would they last?

Households could lose power for up to three hours at a time in the worst-case scenario.

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The National (Scotland)

Scottish Government 'monitoring' risk of winter blackouts and energy supply issues

THE Scottish Government is "monitoring" the risk of power blackouts and energy supply issues, The National can reveal.

The Independent UK

Energy boss adds to calls for Sunak, Truss and Johnson to come together on bills

Energy bosses are expected to meet with ministers on Thursday.

The Conversation

South Africa's proposed electricity industry reform: lost in translation?

South Africa’s ruling party recently proposed establishing a second state-owned power company. The purpose is to offset the “grave strategic risk” of relying on Eskom, the country’s monolithic state-owned utility.

Birmingham Post

Octopus Energy boss says blackouts unlikely this winter as he urges No 10 to help out families

Greg Jackson: ‘The last support package was really significant. It’s just that the crisis has deepened since then’

The Guardian - US

US inflation falls to 8.5% in July but still close to multi-decade high

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

The Conversation

Boosting renewable energy use can happen quickly – and reduce harm to low-income people if done thoughtfully

With many nations making efforts to transition away from fossil fuels to renewable energy, SciLine interviewed Erin Baker, a professor of industrial engineering and operations at UMass Amherst. Baker discussed the technological, political and regulatory efforts needed for this transition, as well as ways that our fossil fuel-dependent system disproportionately…

The Independent UK

Labour blasts ‘absurd’ tax regime after report shows oil giant Shell received £100m from UK

Call for companies to pay ‘fair share’ during cost of living crisis

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