Page 13 - AsianOil Week 18 2021

AsianOil NEWS IN BRIEF AsianOil

AGIG’s CEO, Ben Wilson said this was an
exciting announcement and complements
AGIG’s leading renewable hydrogen projects
being delivered across the energy value chain
in Australia, with a number of major projects
across all the mainland states.
ARENA CEO Darren Miller said
renewable hydrogen presents an opportunity
to help reduce emissions globally and locally,
transform our energy system, and create a
new export industry for Australia.
The CEIP is planned to be co-located
with the 180MW Warradarge Wind Farm
in Western Australia’s Mid-West, which will
provide the renewable electricity to power the
electrolyser. Hydrogen generated will then be
transported via truck to gas network injection
points.
Funding will enable additional planning
work to take place, with a Final Investment
Decision estimated in December 2022.
AGIG, May 5, 2021
Origin boosts gas supply to

southern markets

Origin has secured additional gas supply
and transport that will enable it to materially More domestic gas for market.
increase gas supply to customers in southern “A recent EY report found that there is a
markets, helping to alleviate a potential southern states national economic boost of over $350 billion
forecast shortfall in supply identified by the and a boost to employment of around 220,000
Australian Energy Market Operator (AEMO). The nation’s peak oil and gas industry body jobs over the next 20 years if we can get the
Under a four-year supply agreement with today said Origin’s decision to materially investment settings right.”
Australia Pacific LNG, Origin has secured increase gas supply to customers in southern APPEA, May 5, 2021
up to an additional 91 PJ of gas from January markets shows the market is working and
2022 at a JKM-linked price, with volumes to is further proof that Australia’s oil and Origin releases quarterly
be shaped to higher demand winter months. gas industry continues to deliver for the
Origin has also secured additional pipeline Australian economy. report
capacity under a three-year agreement with APPEA Chief Executive Andrew
APA Group commencing in 2023, which will McConville said Origin’s four-year supply Origin Energy (Origin) has released its
allow the company to transport significant agreement with Australia Pacific LNG, has Quarterly Report for the period to 31
volumes of gas to customers in southern secured up to an additional 91 PJ of gas from March 2021, covering the performance of its
markets where it is needed most. January 2022. Integrated Gas and Energy Markets divisions.
Origin executive general manager energy “Not only have domestic gas prices March quarter gas production down 4%
supply and operations, Greg Jarvis said, consistently fallen since 2016, our industry is from December quarter due to planned
“Origin has taken a major step towards continuing to do the heavy lifting to provide maintenance activities in operated fields, and
securing gas supply for domestic customers, more supply to domestic users despite some two less days in the quarter.
particularly in southern states, through a states not allowing onshore developments,” Commodity revenue up 7% from
period in which AEMO has identified a Mr McConville said. December quarter driven by higher realised
potential shortfall for the market. “The oil and gas industry underpins oil and spot LNG prices. Sales volume
“These gas supply and transport around 80,000 direct and indirect jobs – and declined 6% with lower production and
agreements strengthen Origin’s gas portfolio, hundreds of thousands of Australian jobs rely timing of cargoes.
adding up to 91 PJs over four years, and on the reliable, affordable and sustainable March quarter realised gas sales price was
provide the flexibility to move gas to where it supply of oil and gas. A$7.05/GJ, comprising an average LNG price
is needed. “Australia’s oil and gas industry is helping (contracted and spot) of US$6.45/mmbtu
“Affordable gas is vital to Australian ensure we keep the lights on at home, and our (A$7.89/GJ) and an average domestic price of
industry and manufacturing and we’re proud hospitals and other public facilities operating, A$4.03/GJ (legacy and short-term contracts).
to bring this additional supply to the market by continuing to deliver energy to the Electricity sales volume reduced 4% on
to help meet customer demand,” Mr Jarvis domestic market. the March 2020 quarter: Retail down 4% due
said. “Today’s announcement is another to milder weather and lower usage; Business
ORIGIN, May 5, 2021 reminder that intervention by Government volumes were also 4% lower with COVID-19
isn’t needed to get more supply into the impacts partly offset by new contract wins.

Week 18 06•May•2021 www. NEWSBASE .com P13