DOCSLIB.ORG

Available East Coast Gas Study

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Available East Coast Gas Study Available East Coast Gas Study An independent report prepared by EnergyQuest for Marathon Resources Limited 8 November 2014 Contents List of figures ....................................................................................................... 2 List of tables ........................................................................................................ 3 Terms of reference .............................................................................................. 4 Key points ...........................................................................................................4 Eastern Australia gas demand and supply context ............................................. 5 Gas demand ..................................................................................................................... 5 Gas supply ........................................................................................................................ 6 Interstate trade ................................................................................................................. 8 Gas prices ........................................................................................................................ 9 LNG project impact ......................................................................................................... 10 Oil price........................................................................................................................... 11 LNG projects starting to ramp up ................................................................................... 11 Gas demand and contracts ............................................................................... 12 Gas-fired generation ....................................................................................................... 13 Major industrial demand ................................................................................................. 18 Utility demand ................................................................................................................. 21 Recent contracts ............................................................................................................. 24 Demand and supply balance ............................................................................. 25 Further supply sources ...................................................................................... 27 Gas prices .........................................................................................................28 LNG netbacks and development costs ........................................................................... 28 Contract gas prices ......................................................................................................... 29 Appendix: Power station maps .......................................................................... 31 Abbreviations .................................................................................................... 35 Conversion factors ............................................................................................ 38 Terms of use ..................................................................................................... 39 List of figures Figure 1 East coast gas consumption......................................................................................................................... 5 Figure 2 East coast gas supply ................................................................................................................................... 7 Figure 3 Sales gas production and consumption 2013 (PJ) ....................................................................................... 9 Figure 4 Annual average east coast gas prices........................................................................................................ 10 Figure 5 Oil price, Brent (US$/bbl) ............................................................................................................................ 11 Figure 6 Daily Queensland gas production July 1 to October 19 2014 .................................................................... 12 Figure 7 Brisbane STTM gas price 1 July to 21 October 2014 ................................................................................. 12 Figure 8 NEM gas demand for generation (PJ) ........................................................................................................ 17 Figure 9 GPG surplus (contracted less demand forecast) (PJ) ................................................................................ 17 Figure 10 Contract profile major industrials (PJ) ...................................................................................................... 21 Figure 11 Major industrial gas demand (PJ) ............................................................................................................. 21 Figure 12 AGL gas sources (PJ) .............................................................................................................................. 22 Figure 13 Origin Energy gas sources (PJ)................................................................................................................ 23 Figure 14 Utility demand (ex-power generation) (PJ) ............................................................................................... 24 Figure 15 East coast gas demand 2014-20 (PJ) ...................................................................................................... 26 Figure 16 East coast domestic demand and contracts (PJ) ..................................................................................... 26 Figure 17 East coast gas demand and supply 2014-2020 (PJ) ................................................................................ 27 Figure 18 Short-run LNG netbacks ........................................................................................................................... 28 Figure 19 Australia rolling three year finding and development costs, oil and gas, proved and probable ($/GJ) ..... 29 Figure 20 Contract gas prices ($/GJ, 2014$)............................................................................................................ 30 Level 30 91 King William St Adelaide SA 5000 Telephone (08) 8431 7903 Mobile 0419 828 617 Email [email protected] ABN 18 503 484 404 ACN 139 665 295 www.energyquest.com.au 2 Figure 21 Queensland power stations ...................................................................................................................... 31 Figure 22 NSW power stations ................................................................................................................................. 32 Figure 23 Victorian and Tasmanian power stations ................................................................................................. 33 Figure 24 South Australian power stations ............................................................................................................... 34 List of tables Table 1 South East Australia gas demand and supply ............................................................................................... 6 Table 2 East coast gas production and reserves ....................................................................................................... 8 Table 3 Major east coast gas buyers ........................................................................................................................ 13 Table 4 Queensland gas-fired generation ................................................................................................................ 14 Table 5 NSW and Victoria gas-fired generation ....................................................................................................... 15 Table 6 South Australia and Tasmania gas-fired generation ................................................................................... 16 Table 7 Queensland industrial contracts .................................................................................................................. 19 Table 8 Other east coast industrial contracts ........................................................................................................... 20 Table 9 Gas supply contracts, other utilities (PJ) ..................................................................................................... 23 Table 10 East coast gas contracts signed since October 2010 ................................................................................ 25 Level 30 91 King William St Adelaide SA 5000 Telephone (08) 8431 7903 Mobile 0419 828 617 Email [email protected] ABN 18 503 484 404 ACN 139 665 295 www.energyquest.com.au 3 Terms of reference Marathon Resources Limited is looking at the East Coast market, including the existing networks in Qld, NSW, Victoria and South Australia. The end position they are seeking to understand in detail is What customers need gas in what volume and over what timeline, What are the estimated cash costs of some of the newer projects, and When the current suite of gas contracts expire. Obviously, in compiling this data, the reserves/ resources and current demand profiles will be available. Key points The east coast domestic gas market is currently in a period of transition as the LNG projects begin commissioning. The much-expected surge of ramp gas is now happening, increasing production and driving down short-term
Load more

Recommended publications
  • F O R Im M E D Ia T E R E L E A
    Article No. 8115 Available on www.roymorgan.com Link to Roy Morgan Profiles Friday, 30 August 2019 Powershop still number one in electricity satisfaction, despite losing spark in recent months Powershop has won the Roy Morgan Electricity Provider of the Month Award with a customer satisfaction rating of 78% for July 2019. Powershop has now won the past seven monthly awards, remaining unbeaten in 2019. Powershop’s customer satisfaction rating of 78% was followed by Lumo Energy (71%), Simply Energy (70%), Click Energy (70%), Red Energy (70%) and Alinta Energy (70%). E These are the latest findings from the Roy Morgan Single Source survey derived from in-depth face-to- face interviews with 1,000 Australians each week and over 50,000 each year. Powershop managed to maintain its number one position in customer satisfaction, despite it recording the largest decline in ratings of any leading provider, falling from 87% in January 2019, to 78% (-9%) as of July 2019. Over the same period, Lumo Energy, Simply Energy and Click Energy all fell by 4%, Red Energy remained steady, and Alinta Energy increased its rating by 1%. Although Powershop remains well clear of its competitors, if its consistent downtrend in ratings continues for the next few months, we may well see another electricity provider take the lead in customer satisfaction. The Roy Morgan Customer Satisfaction Awards highlight the winners but this is only the tip of the iceberg. Roy Morgan tracks customer satisfaction, engagement, loyalty, advocacy and NPS across a wide range of industries and brands. This data can be analysed by month for your brand and importantly your competitive set.
    [Show full text]
  • Blasting Without Wires in Surface and Underground
    DRILLING AND BLASTING Blasting without wires in surface and underground A WebGen™ unit is encoded at CMOC Northparkes mine by an Orica engineer, ready for loading. ince the launch of WebGen™, the ENABLING NEW MINING METHODS UNDERGROUND world’s first wireless initiating system WebGen™ has demonstrated its success in various in early 2017, Orica has executed underground mines and led to the development of several more than 500 blasts fired using the new mining techniques that would have otherwise been wireless technology in both surface deemed impossible to execute without wireless blasting S and underground mines around the technology. world. At Musselwhite mine, an underground mine owned and WebGen™ is one of the most exciting blasting technologies operated by Newmont, located on the southern shore of to be developed since the introduction of electronic blasting Lake Opapimiskan in Canada uses a Temporary Rib Pillar systems in the early 2000’s. This revolutionary system (TRP) method enabled by WebGen™ to extract ore pillars allows for groups of in-hole primers to be wirelessly that previously could not be recovered in underground initiated by a firing command that communicates through operations. rock, air and water. This eliminates the need for down- wires and surface connecting wires, enabling new mining Using the WebGen™ enabled TRP method, the main ore methods and blasting techniques that are safe and reliable of the panel were blasted and extracted while the TRP held – removing people from harm’s way, reducing operating back the waste rock backfill. For Newmont, this delivered costs, and at the same time increasing productivity benefits.
    [Show full text]
  • Victorian Energy Prices July 2017
    Victorian Energy Prices July 2017 An update report on the Victorian Tarif-Tracking Project Disclaimer The energy offers, tariffs and bill calculations presented in this report and associated workbooks should be used as a general guide only and should not be relied upon. The workbooks are not an appropriate substitute for obtaining an offer from an energy retailer. The information presented in this report and the workbooks is not provided as financial advice. While we have taken great care to ensure accuracy of the information provided in this report and the workbooks, they are suitable for use only as a research and advocacy tool. We do not accept any legal responsibility for errors or inaccuracies. The St Vincent de Paul Society and Alviss Consulting Pty Ltd do not accept liability for any action taken based on the information provided in this report or the associated workbooks or for any loss, economic or otherwise, suffered as a result of reliance on the information presented. If you would like to obtain information about energy offers available to you as a customer, go to the Victorian Government’s website www.switchon.vic.gov.au or contact the energy retailers directly. Victorian Energy Prices July 2017 An update report on the Victorian Tariff-Tracking Project May Mauseth Johnston, September 2017 Alviss Consulting Pty Ltd © St Vincent de Paul Society and Alviss Consulting Pty Ltd This work is copyright. Apart from any use permitted under the Copyright Act 1968 (Ctw), no parts may be adapted, reproduced, copied, stored, distributed, published or put to commercial use without prior written permission from the St Vincent de Paul Society.
    [Show full text]
  • Western Downs
    Image courtesy of Shell's QGC business “We have a strong and diverse economy that is enhanced by the resource sector through employment, Traditional Resources - infrastructure and Western Downs improved services." The Western Downs is known as the “Queensland has the youngest coal- Paul McVeigh, Mayor Energy Capital of Queensland and is fired power fleet in Australia including Western Downs now emerging as the Energy Capital of the Kogan Creek Power Station, and an Regional Council. Australia. abundance of gas which will ensure the State has a reliable source of base load This reputation is due to strong energy for decades to come.” investment over the past 15 years by the Energy Production Industry - Ian Macfarlane, CEO, Mining is the second most productive (EPI) into large scale resource sector Queensland Resources Council industry in the Western Downs after developments in coal seam gas (CSG) As at June 2018, the Gross Regional construction, generating an output of 2 and coal. Product (GRP) of the Western Downs 2.23 billion in 2017/18. Gas and coal-fired power stations region has grown by 26.3% over a In 2017/18, the total value of local sales 2 feature prominently in the region with twelve-month period to reach $4 billion. was $759.2 million. Of these sales, oil a total of six active thermal power The resource industry paid $58 million and gas extraction was the highest, at 2 stations. in wages to 412 full time jobs (2017-18). 3 $615.7 million. Kogan Creek Power Station is one of The industry spent $136 million on In 2017/18 mining had the largest Australia's most efficient and technically goods and services purchased locally total exports by industry, generating advanced coal-fired power stations.
    [Show full text]
  • Tarong Power Stations Enterprise Agreement 2018
    Stanwell Corporation Limited (ABN: 37 078 848 674) and The Association of Professional Engineers, Scientists and Managers Australia and “The Automotive, Food, Metals, Engineering, Printing & Kindred Industries Union” known as the Australian Manufacturing Workers Union (the AMWU) and Communications, Electrical, Electronic, Energy, Information, Postal, Plumbing and Allied Services Union of Australia. Electrical Division, Queensland and Northern Territory Divisional Branch and Construction, Forestry, Mining and Energy Union (Mining and Energy Division) and The Australian Municipal, Administrative, Clerical And Services Union and Australian Institute of Marine and Power Engineers’ Union of Employees, Queensland and Australian Nursing and Midwifery Federation STANWELL CORPORATION LIMITED TARONG POWER STATIONS ENTERPRISE AGREEMENT 2018 TABLE OF CONTENTS 1. PART 1 – PRELIMINARY ............................................................................................................................... 6 1.1. TITLE ................................................................................................................................................... 6 1.2. APPLICATION OF AGREEMENT ............................................................................................................... 6 1.3. STATEMENT OF INTENT ......................................................................................................................... 6 1.4. DURATION OF AGREEMENT ..................................................................................................................
    [Show full text]
  • The Challenge of Institutional Governance in the National Electricity Market: a Consumer Perspective
    The challenge of institutional governance in the National Electricity Market: A consumer perspective Penelope Crossley Sydney Law School The University of Sydney Page 1 My research – Adopts a commercial perspective to energy and resources law – Particular focus on renewable energy and energy storage law and policy – Interested in interdisciplinary collaborations with engineering, economics, public policy, etc. The University of Sydney Page 2 Outline of presentation – Why is the legal, governance and institutional framework of the NEM so complicated? – The institutional governance structure of the NEM – Key issues for consumers – Legal issues The University of Sydney Page 3 The ultimate source of the problem: The Commonwealth of Australia Constitution Act (1900) The University of Sydney Page 4 s.51 of the Commonwealth Constitution Part V - Powers of the Parliament 51.The Parliament shall, subject to this Constitution, have power to make laws for the peace, order, and good government of the Commonwealth with respect to: - (i.) Trade and commerce […] among the States; (xx.) Foreign corporations, and trading or financial corporations formed within the limits of the Commonwealth; (xxxvii.) Matters referred to the Parliament of the Commonwealth by the Parliament or Parliaments of any State or States, but so that the law shall extend only to States by whose Parliaments the matter is referred, or which afterwards adopt the law; The University of Sydney Page 5 The rationale for the NEM – The NEM was designed to: – facilitate interstate trade; – to lower barriers to competition; – to increase regulatory certainty; and – to improve productivity, within the electricity sector as it transitioned from being dominated by large unbundled state owned monopolies to privatised corporations.
    [Show full text]
  • 2019 Voting Record As at 30 June 2019
    2019 Voting Record as at 30 June 2019 Solaris Core Australian Equity Fund Solaris High Alpha Australian Equity Fund Solaris Core Australian Equity Fund (Total Return) Stock Company Name Meeting Date Item Resolutions Solaris Resolution Management/ Decision Type Shareholder Proposal MQG Macquarie Group Limited 26/07/2018 2a Elect Peter H Warne as Director For Ordinary Management MQG Macquarie Group Limited 26/07/2018 2b Elect Gordon M Cairns as Director For Ordinary Management MQG Macquarie Group Limited 26/07/2018 2c Elect Glenn R Stevens as Director For Ordinary Management MQG Macquarie Group Limited 26/07/2018 3 Approve the Remuneration Report For Ordinary Management MQG Macquarie Group Limited 26/07/2018 4 Approve Participation of Nicholas Moore in the Macquarie Group Employee Retained Equity Plan For Ordinary Management MQG Macquarie Group Limited 26/07/2018 5 Approve Issuance of Macquarie Group Capital Notes For Ordinary Management JHX James Hardie Industries plc 10/08/2018 1 Accept Financial Statements and Statutory Reports For Ordinary Management JHX James Hardie Industries plc 10/08/2018 2 Approve the Remuneration Report For Ordinary Management JHX James Hardie Industries plc 10/08/2018 3a Elect Persio Lisboa as Director For Ordinary Management JHX James Hardie Industries plc 10/08/2018 3b Elect Andrea Gisle Joosen as Director For Ordinary Management JHX James Hardie Industries plc 10/08/2018 3c Elect Michael Hammes as Director For Ordinary Management JHX James Hardie Industries plc 10/08/2018 3d Elect Alison Littley as Director
    [Show full text]
  • ESG Reporting by the ASX200
    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
    [Show full text]
  • Surat Basin Non-Resident Population Projections, 2021 to 2025
    Queensland Government Statistician’s Office Surat Basin non–resident population projections, 2021 to 2025 Introduction The resource sector in regional Queensland utilises fly-in/fly-out Figure 1 Surat Basin region and drive-in/drive-out (FIFO/DIDO) workers as a source of labour supply. These non-resident workers live in the regions only while on-shift (refer to Notes, page 9). The Australian Bureau of Statistics’ (ABS) official population estimates and the Queensland Government’s population projections for these areas only include residents. To support planning for population change, the Queensland Government Statistician’s Office (QGSO) publishes annual non–resident population estimates and projections for selected resource regions. This report provides a range of non–resident population projections for local government areas (LGAs) in the Surat Basin region (Figure 1), from 2021 to 2025. The projection series represent the projected non-resident populations associated with existing resource operations and future projects in the region. Projects are categorised according to their standing in the approvals pipeline, including stages of In this publication, the Surat Basin region is defined as the environmental impact statement (EIS) process, and the local government areas (LGAs) of Maranoa (R), progress towards achieving financial close. Series A is based Western Downs (R) and Toowoomba (R). on existing operations, projects under construction and approved projects that have reached financial close. Series B, C and D projections are based on projects that are at earlier stages of the approvals process. Projections in this report are derived from surveys conducted by QGSO and other sources. Data tables to supplement the report are available on the QGSO website (www.qgso.qld.gov.au).
    [Show full text]
  • SEQ Retail Electricity Market Monitoring: 2017–18
    Updated Market Monitoring Report SEQ retail electricity market monitoring: 2017–18 March 2019 We wish to acknowledge the contribution of the following staff to this report: Jennie Cooper, Karan Bhogale, Shannon Murphy, Thomas Gardiner & Thomas Höppli © Queensland Competition Authority 2019 The Queensland Competition Authority supports and encourages the dissemination and exchange of information. However, copyright protects this document. The Queensland Competition Authority has no objection to this material being reproduced, made available online or electronically but only if it is recognised as the owner of the copyright2 and this material remains unaltered. Queensland Competition Authority Contents Contents EXECUTIVE SUMMARY III THE ROLE OF THE QCA – TASK AND CONTACTS V 1 INTRODUCTION 1 1.1 Retail electricity market monitoring in south east Queensland 1 1.2 This report 1 1.3 Retailers operating in SEQ 1 2 PRICE MONITORING 3 2.1 Background 3 2.2 Minister's Direction 4 2.3 QCA methodology 4 2.4 QCA monitoring 6 2.5 Distribution non-network charges 45 2.6 Conclusion 47 3 DISCOUNTS, SAVINGS AND BENEFITS 48 3.1 Background 48 3.2 Minister's Direction 48 3.3 QCA methodology 48 3.4 QCA monitoring 49 3.5 Conclusion 96 4 RETAIL FEES 98 4.1 Background 98 4.2 Minister's Direction 98 4.3 QCA methodology 98 4.4 QCA monitoring 98 4.5 GST on fees 104 4.6 Fees that 'may' have applied 105 4.7 Additional fee information on Energy Made Easy 105 4.8 Conclusion 105 5 PRICE TRENDS 107 5.1 Minister's Direction 107 5.2 Data availability 107 5.3 QCA methodology
    [Show full text]
  • Sustainability at Orica Chemicals
    Beating Competition With Clever Solutions Indra Adhikari Purujittam Yadav May 2014 0 Table of Content 1. Executive Summary ............................................................................................. 2 2. Introduction to Orica .......................................................................................... 3 3. Stakeholders Analysis ......................................................................................... 5 Figure 3.1: Original Stakeholder model by Freeman (1984) .......................................................... 5 Figure 3.2: Adopted version of stakeholder model by Freeman (2003) ..................................... 6 Table 3.1: Stakeholder model refined ........................................................................................................ 7 4. Engagement with Stakeholders: .......................................................................... 7 4.1 Employees & Contractors ........................................................................................................................ 7 4.2 Customers ....................................................................................................................................................... 8 4.3 Suppliers & Business Partners ............................................................................................................... 8 4.4 Shareholders and the Investment Community ............................................................................... 8 4.5 Community and Local Partners
    [Show full text]
  • Board Members
    BOARD MEMBERS Malcolm Broomhead Denise Gibson BE, MBA BA (Business Administration), MBA (Management) Non-Executive Director of Orica Limited since December Non-executive Director since January 2018. Member of 2015 and Chairman as of 1 January 2016. Chairman of the Human Resources & Compensation Committee and the Nominations Committee. the Nominations Committee. Director of BHP Ltd & Plc. Former Chairman Co-founder and Chairman of Ice Mobility. Director of Aerial of Asciano Limited. Technologies Inc., NASDAQ-listed VOXX International Director of the Walter & Eliza Hall Institute, Chairman of the Corporation and ORBCOMM Inc., and a director of the Australia-China Belt and Road Initiative Advisory Board and Consumer Technology Association and the Consumer Council Member of Opportunity International Australia. Technology Association Foundation, both not-for-profit organisations. Founder and former CEO of Brightstar US. Alberto Calderon PhD Econ, M Phil Econ, JD Law, BA Econ Karen Moses BEc, DipEd, FAICD Non-Executive Director since August 2013. Appointed Managing Director and Chief Executive Officer on Non-Executive Director since July 2016. Member of the 19 May 2015. Board Audit & Risk Committee, Safety, Health, Environment & Community Committee, and the Nominations Committee. Former Group Executive and Chief Executive of BHP Aluminium, Nickel and Corporate Development. Director of Boral Limited, Charter Hall Group, Sydney Former Chief Executive Officer of Cerrejón Coal Symphony Limited and Sydney Dance Company, and a Company and Colombian oil company, Ecopetrol. Fellow of the Senate of Sydney University. Former director of companies including SAS Trustee Corporation, Australia Pacific LNG Pty Limited, Origin Energy Limited, Contact Maxine Brenner Energy Limited, Energia Andina S.A., Australian Energy BA LLB Market Operator Ltd, VENCorp and Energy and Water Non-Executive Director since April 2013.
    [Show full text]