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The Latest Breaking News on Energy

Egypt Working to Prioritize 'Loss and Damage' at COP27

Egypt, which is hosting the upcoming COP27 climate negotiations, is working on how to include compensation for economic losses due to climate catastrophes on the formal agenda of the November summit, the country's special representative of the summit said on Wednesday. Wael Aboulmagd, Egypt's special representative of COP27, told reporters…

Asharq Al-Awsat

Government reaches agreement with gas producers to cover shortfall, avoids pulling 'gas trigger'

Resources Minister Madeleine King says she does not need to pull the so-called "gas trigger" and restrict gas exports after producers agreed to provide additional gas to avoid a shortfall on the east coast next year.

ABC News

Russian Navy 'seen close to Nord Stream pipeline leaks' say security sources

European security officials observed Russian Navy ships and submarines in the vicinity of the leaks in the Nord Stream pipelines which are suspected to have been caused by sabotage

Daily Mirror

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Qld assures no flooding in hydro project

Premier Annastacia Palaszczuk has given a guarantee that no national parks will be flooded by the proposed Pioneer/Burdekin pumped hydro project.

AAP

Australian government strikes deal with gas suppliers to avoid winter shortfall

Federal resources minister Madeleine King says agreement with three big exporters will ensure security of supply and avoid need for ‘gas trigger’

The Guardian - AU

Agreement reached on domestic gas supply

The federal government and gas exporters have struck a new heads of agreement to ensure domestic supply of gas to the market for 2023.

AAP

Nationals say renewables can’t meet energy needs without fossil support. But do the claims firm up?

The Nationals have turned the scare rhetoric up to 11, but the energy market operator has already accounted for much of their criticisms

The Guardian - AU

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Cheaper renewables drive coal closures

Environment Minister Tanya Plibersek says the falling cost of renewable energy was one of the factors behind AGL's early closure of coal-fired power.

AAP

Russia-Ukraine war latest: what we know on day 218 of the invasion

Putin to sign decree to annex Ukraine regions Friday after ‘referendums’; EU plans fresh sanctions on Russia to ‘make the Kremlin pay’ for escalating war with Ukraine

The Guardian - AU

AGL Energy to accelerate exit from coal

Australia's largest electricity generator AGL Energy - operator of the Liddell and Bayswater power stations in the Hunter Valley - will go "net zero" after abandoning plans to split into two companies.

Newcastle Herald

Oil prices set to stay high despite global outlook

Rising diesel consumption in Europe during the winter is expected to drive up global oil prices, despite the prospect of a worldwide economic slowdown, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Clean energy plan brings some certainty to Queensland's coal country, but more detail needed

Gladstone retiree Roy Jones says the move to transition Queensland's coal-fired power stations into "clean energy hubs" as part of the state government's $62 billion energy plan provides certainty for regional workers.

ABC News

AGL announces it will close Loy Yang A power station in Victoria's Latrobe Valley up to 10 years sooner than planned

Energy giant AGL says the Loy Yang A power station in Victoria's Latrobe Valley will now close as early as 2035 after it was initially slated to close a decade later. Experts say shareholders are driving the company towards renewable energy.

ABC News

AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

The Guardian - AU

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ABC News

Energy transition will lead to lower power prices but getting there could be costly, reports warn

After a turbulent year in the energy sector, two major reports highlight energy affordability as a significant challenge in Australia's transition away from fossil fuels to renewable power.

ABC News

Scepticism over Queensland businessman's 'clean' coal-to-hydrogen project in Tasmania's Fingal Valley

A Queensland businessman and "ex-Rhodesian special forces soldier" who says his success is a result of "doing God's will, God's way" plans to re-open a coal mine to fuel a hydrogen plant, and claims it will be the world's first clean coal-to-hydrogen project.

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

The Guardian - UK

Cop27: Egyptian hosts urge leaders to set aside tensions over Ukraine

Organisers call on nations to carry on crucial climate negotiations despite differences on geopolitical issues

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The Guardian - UK

EDF considers extending life of two UK nuclear plants due to energy crisis

Hartlepool and Heysham 1, operational for four decades, are due to close in 2024 but EDF says that is under review

AAP

Motorists brace for fuel price hike

Petrol prices are expected to shoot up by more than 20 cents a litre now that the fuel excise has been reinstated in full.

AAP

Massive investment needed in energy sector

The Energy Security Board says large-scale investment in new transmission infrastructure, generation and capacity is needed to keep power prices down.

The Independent UK

Official: Gas leaks around 1/3 of Denmark's CO2 emissions

A Danish official says the Nord Stream gas leaks in the Baltic Sea could emit the equivalent of one third of Denmark’s total annual greenhouse gas emissions

The Guardian - UK

Nord Stream gas leaks may be biggest ever, with warning of ‘large climate risk’

‘Colossal amount’ of leaked methane, twice initial estimates, is equivalent to third of Denmark’s annual CO2 emissions or 1.3m cars

Asharq Al-Awsat

UN Security Council to Meet Friday on Damage to Nord Stream Gas Pipelines

The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to two Russian gas pipelines to Europe that has caused gas to spew into the Baltic Sea. The French UN mission, which holds the presidency of the 15-member council for September, said the…

Reuters

Swedish coastguard says Nord Stream 1 gas leak could slow by Sunday

Gas continues to leak from Nord Stream pipelines in the Baltic at the same rate as when the damage was discovered, but the leakages could start to slow at the weekend, Sweden's coastguard said on Wednesday.

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