Brown resigns as Greens leader - ABC News (Australian Broadcasting Corporation): Brown resigns as Greens leader
Updated April 13, 2012 13:33:32
Bob Brown says he has been mulling over his decision to quit as Greens leader since the election, but says he will remain 'green forever'.
Photo Damian Kelly
ACTION OF THE DAY
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
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He will be visiting the Kimberley later this year.
ReplyDeleteThe doubts and uncertainties grow.
ReplyDeleteAnd by the way who is paying for this?Is our state gov borrowing this money or is Woodside footing the bill?
Aboriginal representatives are being recruited from across the Kimberley to manage the $350 million to be spent across the region as part of the gas hub deal.
The Aboriginal families giving up their native title claim over James Price Point will get $30 million worth of benefits.
http://www.abc.net.au/news/2012-04-13/work-underway-to-manage-gas-hub-benefits/3948734
If the US gas glut is enough to stop this,is it enough to stop JPP?
FIVE years ago, then Woodside Petroleum chief Don Voelte was saying a North American gas shortage had made the price outlook so good he would make money sending LNG tankers on a 57-day round trip from the top of Western Australia, past the Cape of Good Hope and up to the US northeast.
What a difference some drilling technology advances make.
http://www.theaustralian.com.au/business/mining-energy/gas-glut-in-the-us-blasts-gladstone-growth-plans/story-e6frg9df-1226326219242
So much for the loud mouth yank.
Canada could beat the US for shale gas exports.Lets face it,converting an import terminal to an export facillity is a lot cheaper and easier than a greenfields project.No dredging required for a start,wharfs etc. just about all in place,environment approvals should be a breeze,etc etc.
Unlike most of their US competitors, these terminals will be located on the Pacific coast, much closer to the world's most important Asian markets. They may face local environmental hurdles, but the idea of stopping them exporting gas is not really an issue north of the border.
Whilst all eyes are on the gulf coast, its just possible that Canada may have a bigger impact on global LNG markets than her southern neighbour.
http://abarrelfull.wikidot.com/blog:canada-will-be-a-big-lng-player
Of course the never ending worry over the China slowdown continues.
Moody's sees engineering, oil and gas and airports as being moderately exposed in the event of hard landing in China and believes no sector can really escape from a China-induced slowdown as the world's second-largest economy affects every Australian industry.
Read more: http://www.theage.com.au/business/australia-ready-for-china-slide-20120413-1wz7e.html#ixzz1rxczgCU9
While it seems strange that Halliburton and their fraccing discovery could save our beloved Kimberley and Broome,for some it is already a curse.Hate to think what this must be doing to peoples health,let alone real estate prices.
A STEEP rise in earthquakes across the central US is likely to be man-made, according to new research into the controversial gas extraction method known as fracking.
Investigating a sixfold increase in earthquakes, scientists from the US Geological Survey found that increases in seismic activity were particularly common in regions where waste water from fracking was injected into deep wells.
Read more: http://www.theage.com.au/business/fracking-link-to-us-earth-shakes-20120413-1wz0c.html#ixzz1rxdrkI1u
Another worry for Australian LNG.
ReplyDeleteWidening of the Panama Canal, due to be completed in 2014, will allow most LNG tankers to transit the isthmus and make natural gas from Gulf of Mexico ports "instantly economic" to transport to high-price Asian markets.
http://energy.aol.com/2012/01/27/no-more-slow-boat-to-china-for-us-liquefied-natural-gas/
That's key for multiple proposals to build plants to liquefy and ship surplus US natural gas, according to experts at a Brookings Institution seminar Jan. 24. Most proposals are for existing but unused LNG import terminals on the Texas and Louisiana coasts. Giant LNG tankers, like the largest modern freighters, are too big for the existing Panama locks.
The Gulf region hosts the US's largest concentration of natural gas pipelines and storage facilities, serving conventional wells on- and off-shore plus gas shales like the Barnett in Texas and the Haynesville in Louisiana. But prices at Louisiana's Henry Hub have recently sunk below $2.50/mmBtu as growing shale gas production throughout the country depresses prices.
Economists agree that shipping gas to European markets, where prices are running $8 to $9, and Asian markets, where prices have gone as high as $15, could be profitable for US producers.
LNG exports will go ahead, but gas pricing will be under pressure from a US glut, threatening profits at BHP Billiton.
ReplyDeletehttp://www.theaustralian.com.au/business/mining-energy/gas-glut-in-the-us-blasts-gladstone-growth-plans/story-e6frg9df-1226326219242
Can't read this story because of the paywall,but BHP Billiton has just done their dough over the Petrohawk purchase,just wonder what Kloppers would be thinking about making a major investment in a basket case mess like JPP?
I think the most interesting paragraph is the last one:
ReplyDeletehttp://www.telegraphindia.com/1120415/jsp/business/story_15375619.jsp
Quest for Qatar gas
OUR SPECIAL CORRESPONDENT
New Delhi, April 14: India will send a team to Qatar soon to negotiate on more long-term gas supplies. The move follows discussions with the visiting entourage of Qatar’s Emir, Sheikh Hamad bin Khalifa Al Thani, even as the government is concerned over the high price of the imported gas.
India had rejected Qatar’s initial offer price of about $15.96 per million British thermal unit (mBtu) as the end consumer would have to shell out $20 per mBtu, three times the price of domestic gas.
Oil ministry officials, however, said “the rejection of the initial offer price does not mean end of the deal… a team of officials will soon hold discussions with Qatari counterparts to come to an agreement on the pricing of gas”.
Officials said Qatar had responded positively to India’s demand for an additional three million tonnes of liquefied natural gas (LNG, and the two sides were trying to narrow down differences on the issue of pricing.
Qatar holds the world’s third-largest natural gas reserves after Russia and Iran. Qatar has export capacity of 77 million tonnes of LNG in a year whereas India imported 5.6 million tonnes of oil from Qatar under a long-term contract.
While the domestically produced gas is capped at $4.2 per mBtu, the country pays a spot price of about $16 a unit for imported liquefied natural gas.
Petronet LNG has recently entered into a deal with Australia’s Gorgon project to import gas at $15.8 per unit, while GAIL (India) Ltd’s 20-year contract with US’ Sabine Pass works out to around $10 per unit.
http://www.theaustralian.com.au/business/mining-energy/gas-glut-in-the-us-blasts-gladstone-growth-plans/story-e6frg9df-1226326219242
ReplyDelete"When you look at some planned Australian projects, you have to wonder whether they are competitive" with North American gas, UBS energy analyst Gordon Ramsay said.
"The buyers also have some leverage now. They can turn around and say they can buy from the US," Mr Ramsay added.
In Japan, landed LNG prices are about $US17 per mmBtu -- more than double the estimated $US8 cost of shipping gas from the Gulf of Mexico (once a planned widening of the Panama Canal is finished in 2014) at current US domestic prices.
There are now seven big planned US projects with designs to export a total of more than 100 million tonnes of LNG a year.
Only one, the 15 million tonne a year Sabine Pass project run by previous LNG importer Cheniere Energy, has contracted its gas.
But British gas giant BG Group, a Sabine Pass gas buyer and a Queensland LNG proponent, says the US could be exporting 45 million tonnes of LNG annually by 2020.
In comparison, Australia, the world's fourth-biggest LNG exporter, now exports about 20 million tonnes a year but has projects under construction that should lift exports to four times that by 2020.
All those projects have contracted their gas at prices linked to global oil, meaning they are not threatened by the rapidly growing North American industry.
But new projects, such as Woodside's Browse LNG project and project expansions now face a new competitor.
........SO WOODSLIDE WON'T BE ABLE TO MAKE ITS FID MID 2013 ON JPP UNLESS THE GAS IS SOLD.....THEY HAVE NO CUSTOMERS YET.....SOUNDS LIKE THEY WILL NOT BE ABLE TO LINK ANY SALES TO THE PRICE OF OIL...THIS LOWER PRICE THE CUSTOMERS WILL INSIST ON WILL THEREFORE MAKE THE VERY EXPENSIVE JPP OPTION LOOK THE LEMON IT REALLY IS!!!
HA HA HA I JUST LOVE THIS STUFF
GAS GLUT GLOOM.
ReplyDeletehttp://www.macrobusiness.com.au/2012/04/gas-glut-gloom/
The most recent report has Woodside delaying a $40billion LNG plant near Broome, pushing the start date on production back to 2018, albeit because of an “aggressive timetable”:
However it was the first report this morning that dealt the real blow, with LNG export growth and project expansion under dual threats from a US domestic supply glut and from Asian buyers wanting to move to the much cheaper US gas prices instead of Aussie LNG contracts:
AUSTRALIA’S liquefied natural gas export growth is being threatened by a continued slide in US natural gas prices that is making North American LNG projects more appealing and is set to weigh on global gas export pricing.
The continuing drop in prices comes as Britain’s BG Group puts a greater emphasis on US exports than an expansion of its $20 billion Queensland Curtis LNG plant as a way to meet its medium-term LNG volume targets.
But there is still a question over BREE’s assessment of LNG price. The tripling in exports is met with little fall in the regional prices. That is again questionable given the price disparity that currently exists between North American gas and North Asian which is very likely to push our US and Canadian cousins to accelerate their push into highly profitable shale gas exports:
BREE itself admits that it does not yet incorporate any influence from such increased supply (though it offers a quite useful assessment of where current liquifaction plans are at, including 8 planned projects that would swamp Australian supply).
LOVE THAT LAST LINE....
Well I must say we wish the Protectors a fantastically successfull year looking after Country,and hope they manage to show these dumb ass morons that they are wasting their time and money messing around with our beautiful country.
ReplyDeleteAlso to the people taking on legal actions against these bastards,hope you kill them in court.
And to Redhanded we wish you the very best of everything.
Hooraaaayyyyyy
All this latest news has some very interesting implications for Woodside.
ReplyDeleteFraccing is set to do for oil what it has done for gas.An oil glut?The western hemisphere becoming an oil exporter.
How will this effect the planned Pluto expansion?
(as of 15 April no sign of any exported gas)
How does this effect Sunrise?
Is East Timors dream of a land plant now dashed?
How does Browse at JPP really look now?
What now are the benefits vs risks of drilling at Rowley Shoals and other environmental hot spots?
Is it worth BP drilling in the Bight in some of the roughest conditions on the planet in 5 klms of water?
Obviously Ferguson,Barnett and Voelte ( and Coleman ) did not see this one comming.
All plans must be given a second look.
How will this effect Buru and Conoco Phillips plans?
WA domestic gas prices are over $8,high compared to the US at under $2.
Why would they want to try and compete with export markets when a cheap and profitable plan would be to sell on the domestic market?
How will all this effect the Point Torment plans?
How will the Japanese and Chinese now view the Canning Basin?
But it would seem Woodside are now in a far worse situation than they were 12 months ago just before Coleman took over.
What will happen to them if a second train at Pluto does not stack up?Will they be forced to operate one perhaps unreliable and very expensive train with all the support infrastructure.
This alone could be crippling.
Sunrise could be mothballed indefinately.
Browse will only make sense if processed at existing trains at Karratha.
Fair to say they are in a pickle and the big Shell selldown is due soon.A Woodslide share slump could be on the cards.Maybe their partners in the NW Shelf would be interested in picking them up on the cheap?
Massive pressure on Wheatstone and Gorgon.
IF THIS IS TRUE THEN GILLARD SHOULD TELL FERGUSON TO STOP BUILDING EXPORT LNG PLANTS AND SAVE OUR "CHEAP AND CLEAN" GAS FOR THE AUSSIE MARKET.
ReplyDeleteJULIA Gillard's ambitions for a huge increase in gas use because of the carbon price have been dealt a blow as mining giant Rio Tinto warns that official estimates of Australia's gas reserves are overly optimistic and revealed it is struggling to secure supplies in Queensland.
Rio had also attacked the federal government for being too quick to accept that Australia's era of cheap energy has come to an end. "The acceptance that Australian industry will lose the competitive advantage it has derived from energy seems defeatist at worst and at best aspirational and not in the national interest," Rio says. "Australia needs to better understand which domestic energy costs are increasing, and to the extent they are, and why they are rising faster than in other countries."
http://www.theaustralian.com.au/national-affairs/climate/rio-casts-doubt-on-gillards-gas-hopes/story-e6frg6xf-1226327259324
Well it's on alright,but it seems it's easier to get the truth out of Russia than Australia these days.
ReplyDelete"Whilst it is exceedingly difficult to summon up much sympathy for either Russia’s state-owned natural gas monopoly Gazprom or Russian President-elect Vladimir Putin, the dynamic rise of natural gas produced by hydraulic fracturing, or ‘fracking,” has raised alarm bells in the highest reaches of the Kremlin.
Why?
Because Gazprom’s European customers, tired of being ripped off by Gazprom, are avidly exploring the possibilities of undertaking fracking to develop their own sources of the “blue gold,” and nowhere is interest higher than in the Russian Federation’s neighbors Ukraine, Poland, Romania, Bulgaria and China."
"What Putin signally failed to tell the Duma delegates was that the rapid growth in U.S. shale gas production has already led Gazprom to postpone the launch of its massive Shtokman gas condensate field development in the Barents Sea, which contains an estimated 3.9 trillion cubic meters (tcm) of natural gas. In 2009 the U.S. overtook Russia as the world’s biggest producer of natural gas as expanded fracking activity to extract fuel trapped in shale rocks. Even worse, by 2016 the U.S. plans to become a net exporter of liquefied natural gas, with initial sales of 31.1 million cubic meters (mcm) a day doubling within three years."
"But, with Russia’s natural gas oligarchs can rest secure now that Putin, who has just received another six-year term as president, is fully up to speed on the issue. In any case they doubtless noted his comment, “Domestic energy companies must now respond to this challenge." For those sluggard biznismeny who fail to respond to Putin’s challenge – there’s always – Siberia."
So where is all the news on the state of play here in Australia?
Ferguson & co must know a lot and no ones telling.
Where is the certainty for Broome and the Kimberley?
How much longer will they stand by while friends and familly are split and divided on this issue?
Obviously no one gives a shit about us,all they want is our bloody country to f#*k up,and nothing else.
Meanwhile over at the KLC Broomers have it that things are going from bad to worse.Lots of rats deserting the sinking ship and they are up on bloody fraud charges again.Serve the bloody bastards right.
So who is going to tell us the truth?
http://oilprice.com/Energy/Natural-Gas/Russia-Rattled-by-Rising-Importance-of-Shale-Gas.html
ReplyDelete