As Asia scrambles for gas, another Australian gas export plant is out of action, and the WA Government monitors the situation to ensure sufficient fuel for the state.
The troubled $6 billion flagship will be out of action "for a number of weeks," just as Santos' customers are desperate for gas to replace supply from the Middle East.
Most gas in Western Australia is produced offshore and exported as LNG, with some reserved for domestic use. Production from the onshore Perth Basin is increasing. WA is the most gas-dependent state in Australia.
As Asia scrambles for gas, another Australian gas export plant is out of action, and the WA Government monitors the situation to ensure sufficient fuel for the state.
The troubled $6 billion flagship will be out of action "for a number of weeks," just as Santos' customers are desperate for gas to replace supply from the Middle East.
The shutdown of the Yara Pilbara plant comes as a quarter of global trade in ammonia, used for urea fertiliser and mining explosives, is blocked by war.
Investors beware: after spending more than $40 million in the Canning Basin, the US-owned company's continued pursuit of remote gas appears to be throwing good money after bad.
The WA government will soon decide whether Black Mountain Energy can frack 20 wells near the Kimberley's Fitzroy River, but promised measures to protect the environment and the rights of local people are not yet in place.
South West WA's power grid reached a record 91 per cent peak renewable energy share in December - driven by 1,225 MW of new battery storage - while wholesale power prices fell 13 per cent and carbon emissions dropped 15 per cent as coal and gas generation declined.
The green light for Black Mountain Energy comes just months after Federal experts said its environmental risk assessment was "limited and disjointed" and reached "largely unsupported" conclusions.
