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    Energy

    Yesterday

    Australia’s data centres could consume nearly 10 per cent of the country’s power by the end of the decade.

    How much will hungry data centres take out of the power grid?

    Australia’s ability to make the most of AI and digitisation is only as good as its energy sources. Next decade, that will become a hot topic.

    • Anthony Macdonald

    This Month

    China’s Premier Li Qiang will meet Prime Minister Anthony Albanese next month in Canberra.

    Foreign student crackdown looms over Li Qiang visit

    Chinese Premier Li Qiang will head to Australia next month amid uncertainty over new curbs on universities enrolling thousands of Chinese students.

    • Andrew Tillett

    Energy group offers $1000 annual rebate to wind farm neighbours

    For more than a decade, community opposition has been the brick wall renewable energy projects have been running into. Now, Engie is trying something different.

    • Kylar Loussikian
    A stockpile of coal at Eraring Power Station.

    Eraring set to benefit from high electricity prices

    Origin may not need to tap the $225 million compensation fund unveiled by the NSW government this week.

    • Elouise Fowler
    The building of a port to support the development of a wind farm in Victoria clashed with the protection of Ramsar-listed wetlands.

    Offshore wind plan in ‘Labor limbo’ as Port of Hastings stalls

    The state opposition claims Victoria’s offshore wind policy is in “disarray” after Energy Minister Lily D’Ambrosio could not guarantee a key terminal would proceed.

    • Gus McCubbing
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    Origin owns Eraring power station.

    Why NSW still needs coal-fired power

    The total disarray of energy transition plans is compounded by the failure of NSW and Victoria to allow any further development of gas fields.

    • Jennifer Hewett
    Opposition Leader Peter Dutton wants to introduce nuclear power generation in Australia.

    Gas to firm renewables until nuclear is ready: Dutton

    Peter Dutton has countered claims his plans for nuclear energy were a front to keep coal in the system for longer.

    • Phillip Coorey, Tom Rabe and Gus McCubbing

    Nuclear could cost up to $17b and take until 2040 to build: CSIRO

    The nation’s first large-scale nuclear power plant could cost as much as $17 billion and not be operational until at least 2040, the CSIRO says.

    • Phillip Coorey
    An LNG tanker at Cherniere’s liquefaction facility in Corpus Christi, Texas.

    Joe Biden’s pollution rules throw up barrier to US natural gas projects

    New air quality standards will require the Federal Energy Regulatory Commission to more closely examine the impact of LNG projects on the surrounding air quality.

    • Myles McCormick
    The C4 unit at Callide power station in Queensland blew up in May 2021.

    Queensland in secret bid to buy stricken coal-fired power plant

    It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.

    • Anthony Macdonald
    Karoon Energy’s Who Dat oil and gas operation in the US Gulf of Mexico.

    Karoon chairman preps for showdown with angry investors

    An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23. 

    • Elouise Fowler
    Andrew Forrest in Davos earlier this near. The Fortescue executive chairman has been a critic of Woodside Energy in the past, but is on the same page when it comes to tax credit issues in the US.

    Fortescue, Woodside find common ground on green hydrogen

    Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.

    • Brad Thompson
    Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at Octopus’s London HQ.

    What was Origin Energy boss Frank Calabria really doing in London?

    He flew halfway round the world to hold a strategy day for UK upstart Octopus Energy. The message for Origin shareholders and analysts: take another look.

    • Hans van Leeuwen
    A tanker arrives in Darwin Harbour to deliver an LNG cargo to Inpex’s Ichthys LNG export project.

    Japan’s energy giants applaud Australia’s ‘clear’ gas plan

    Japanese energy giant Inpex said the Albanese government’s new gas strategy shows Australia’s role as a “reliable and trusted” partner.

    • Jessica Sier
    International Energy Agency executive director Fatih Birol.

    The world’s wiliest climate warrior? It’s not who you think

    International Energy Agency boss Fatih Birol, a lifelong bureaucrat with roots in the oil industry, has made the net zero transition a personal mission.

    • Hans van Leeuwen
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    Orica Kooragang island facility

    Federal government backs gas imports to southern states

    The extra gas will need to be delivered from the northern states from a retooled national gas network or LNG import terminals.

    • Elouise Fowler
    Resources Minister Madeleine King: Turning off gas overnight would do untold damage to our economy.

    We will need new sources of gas

    Australia is committed to reaching net zero emissions by 2050, and we will need gas to get there.

    • Madeleine King
    Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at the Octopus HQ in London.

    Origin reaps $420m Octopus gain as Aware Super climbs on board

    The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.

    • Hans van Leeuwen
    Fortescue founder Andrew Forrest says the US is in danger of killing off green hydrogen.

    Forrest accuses US of sacrificing green dream to fossil fuel lobby

    Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.

    • Brad Thompson
    Peter Botten, chairman of Karoon Energy.

    Karoon chairman in activists’ firing line over pay

    Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.

    • Jonathan Shapiro