Page 13 - AsianOil Week 37 2021

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APA, through its Pathfinder program,
joins Stanwell and Japanese companies
Iwatani Corporation, Kawasaki Heavy
Industries, Kansai Electric Power Company
and Marubeni to commence a detailed
feasibility study into the development of a
large-scale green hydrogen project in Central
Queensland.
The project proposes to export green
hydrogen to Japan and supply large industrial
customers in the Central Queensland region
to support emissions reduction for the
domestic industry.
hydrogen production and its transportation OCEANIA APA, September 15, 2021
in methylcyclohexane (MCH) form, where
hydrogen is converted from its original Australian petrol prices in Cooper’s gas sale
gaseous state into a liquid form to enable large
volume deliveries. 2020-21 were lowest in 22 arrangements with AGL
Petronas and Eneos will also explore low
carbon hydrogen production from Petronas’ years Cooper Energy and AGL Energy have agreed to
petrochemical facilities and in the future, enter into a new Gas Sales Agreement (GSA) for
green hydrogen produced by renewable Average retail petrol prices in 2020–21 in all developed and uncontracted volumes from
energy. Australia’s 5 largest cities were the lowest the Casino, Henry and Netherby fields in the
The development of liquid organic in 22 years in real inflation adjusted terms, Otway Basin, and amendments to the existing
hydrogen carrier (LOHC) technology such according to the ACCC’s latest petrol Sole GSA. These new arrangements will take
as MCH is fast gaining traction due to its monitoring report released today. effect from 1 January 2022.
chemically stable nature that allows for long- The report looks at Australian petrol prices The new Otway Basin GSA is for supply
term storage and long-distance transport. in the 2020–21 financial year and the June of all developed and uncontracted volumes
Moreover, the use of LOHC leverages on quarter 2021. from the existing Casino, Henry and Netherby
existing conventional oil and petrochemicals Infographic depicting annual average wells. The term is the earlier of cessation
infrastructure which heavily reduces the petrol prices in Australian capital cities, of production from the existing wells or
need to develop new assets, thus making it a components of retail petrol prices, gross first production from the Otway Phase 3
viable option for established energy players to indicative retail differences, and difference Development (OP3D). Pricing for the new
implement. between regional and city prices in GSA is consistent with the ACCC’s July 2021
For this project with Petronas, Eneos 2020-21Click to enlarge Gas Inquiry Interim Report range of $6-8/GJ
has applied for funding from the Japanese Annual average retail prices in 2020–21 for contracted gas supply.
Government’s Green Innovation Fund in Sydney, Melbourne, Brisbane, Adelaide The Sole GSA has been amended so the
which sponsors decarbonisation projects and Perth were 129.7 cents per litre (cpl), a Annual Contract Quantity (ACQ) is reduced
and initiatives. While in Malaysia, the decrease of 4.9 cpl from 2019–20 (134.6 cpl). from 12 PJ/year to 6 PJ/year and the term
development of a hydrogen-based economy In real terms, the last time annual average extended by two years to 31 December 2030.
is set to complement future growth as the retail prices were lower than this was in The amendments include a mechanism to
country prepares to transition towards a low 1998–99 when they were 115.0 cpl. increase the ACQ by up to 6 PJ/year from
carbon economy. “Low average petrol prices in the last future Sole production increases, with the
PETRONAS, September 10, 2021 financial year have come after prices total incremental volume for AGL capped at
reached record lows around the onset of the 30 PJ. GSA pricing and other terms remain
COVID-19 pandemic,” ACCC Chair Rod unchanged.
EAST ASIA Sims said. COOPER ENERGY, September 13, 2021
In 2020–21, taxes were the largest
CNPC, CASIC sign strategic component of the price of petrol in the 5 NZOG wins NT regulatory
largest cities, and greater than the cost of
cooperation framework refined petrol. Taxes accounted for 42% of the approval received
price, while the international price of refined
On September 14, CNPC and China petrol accounted for 39%. The Northern Territory Government has
Aerospace Science and Industry Corporation ACCC, September ,14 2021 today provided its regulatory approval to
Limited (CASIC) inked a strategic New Zealand Oil & Gas in relation to the
cooperation framework agreement. According APA joins international transaction to acquire Amadeus Basin Assets
to the agreement, the two parties will carry from Central Petroleum. This satisfies a key
out in-depth cooperation in technological hydrogen consortium condition precedent of the transaction.
innovation, high-end equipment, and The transaction was announced on 25
applications of digital information Leading energy infrastructure business, APA May 2021 and has an effective economic date
technologies to promote common Group, has joined a consortium of Australian and of 1 July 2020. Conditions remaining to be
development. Japanese energy players in an effort to establish satisfied include other third party approvals.
CNPC, September 15, 2021 Queensland’s largest green hydrogen project. NZOG, September 10, 2021

Week 37 16•September•2021 www. NEWSBASE .com P13