Northern Endeavour oil vessel without power for weeks in Timor Sea
The blackout is another problem in a clean-up effort of an ex-Woodside vessel that will cost Australia's oil and gas producers well over $1 billion.
JERA is jointly owned by Japanese power utilities TEPCO and Chubu Electric and was created by merging their LNG upstream, shipping and terminal activities as well as their domestic and foreign thermal (non-nuclear) power stations. In Australia JERA owns equity in the Ichthys, Gorgon, Darwin, Wheatstone, Scarborough and Barossa LNG projects.
More LNG from Qatar and the US is expected to make the 2030s a buyers market.
Australian LNG producers are under pressure on emissions and decommissioning, and Santos wants to tackle both problems in one swoop at Bayu Undan, but it needs everyone to play along.
If CO2 from Yara's Pilbara ammonia plant is buried WA could ship a clean fuel to displace coal in JERA's Japanese power stations, but underground carbon storage has its doubters.
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