Cornelia Mascio: March 15, 2017

 

A second Western Australian company is hoping to help solve South Australia's energy crisis, with West Perth-based Australian Vanadium today committing to tender to build a battery storage facility in the state.

Turnbull said both QCLNG and APLNG had committed to being net suppliers to the domestic market, while Santos' Gladstone LNG, which is short of gas, had taken the request on notice.

South Australian Premier Jay Weatherill outlining the new energy supply strategy on Tuesday.

"APGA does not support government intervention such as gas reservation, but we do encourage sensible discussion about what is possible, what can be achieved to secure Australia's gas supply for the domestic market".

It comes two days after another local ASX-listed player, Carnegie Clean Energy, said that it had been in discussions with the SA government to provide battery storage for the state's network.

Weatherill called the national energy market broken.

The answer is pretty much unknown at this point, but since 2008 South Australian household electricity bills have risen about 60 per cent.

Australians are entitled to expect they will have access to the gas they need and at prices they can afford, whether it's for their homes or in their businesses.

"We would like to see these reserves developed faster and we stand ready to assist them". Is it time we just accepted it?

"That's ghastly, that's apocalyptic as far as the cost structures of energy-intensive manufacturers are concerned", Mr Reed said.

Following this, John Grimes, CEO of the Australian Energy Storage Council, said that the state government has been "at pains" to stress that there will be an open, competitive tender process to build the 100MW project.

The Government's economic modelling suggested extra power generating capacity would increase market competition and put downward pressure on prices.

"Households rely on gas supplies to provide an affordable means to heat their homes".

"The worst example is Victoria", he said in reference to that state's government last week saying Parliament passed legislation that banned all onshore unconventional gas development in the state and extended a moratorium on onshore conventional gas development until 2020.

AT the height of the controversy over coal seam gas, residents of Gloucester and Fullerton Cove - among other parts of the state - fought pitched battles to stop their backyards from being checker-plated with gas wells of the sort that were already commonplace in Queensland.

Labor energy spokesman Mark Butler said it was a "genuine crisis" requiring national leadership.

Energy shortage - a third world problem in a first world nation.

Companies represented at the talks will include Santos, Shell Australia, ExxonMobil, Origin, Total, Asia Pacific LNG, Beach Energy, GLNG Operations and Senex, as well as the Australian Petroleum Production and Exploration Association.

 

 

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