$1.2b Kwinana clean up bill drives Alcoa Australia to a $600m loss
The US miner is also facing declining production and delayed approvals in WA, where it mines three-quarters of its bauxite.
Australia is the one of the world's biggest producer of liquefied natural gas. The North West Shelf, Pluto, Gorgon, Wheatstone, Prelude and Ichthys LNG projects source their gas from the waters off WA.
Shell's Prelude floating LNG, already besieged with safety and reliability issues, has produced 2.3 million tonnes of greenhouse gases for one cargo of LNG.
WA LNG producers Woodside and Chevron, beset by low prices and COVID-19 work restrictions, are maintaining dividends to shareholders and gas to customers as they shed workers, with unions describing Woodside’s actions as “brutal, cold, and unnecessary.”
Delay to Woodside's big growth bet on the "Burrup Hub" Scarborough and Browse LNG projects looks more likely with Woodside warned not to overspend as its partners trim their budgets.
Woodside has heavily pruned its critical offshore maintenance teams leaving casual workers facing an uncertain future.
Woodside's Scarborough and Santos' Barossa LNG projects unlikely to happen this year as planned according to oil and gas experts Wood Mackenzie.
Woodside risks LNG demand squeezed by cheaper renewables not lasting long enough for decent payback from its Scarborough and Browse projects.
Chevron boss Mike Wirth is not distracted by renewables as he pushes for more and lower cost production and looks to move gas through Woodside's Scarborough project.
Woodside buried deep in a huge environmental approval report for Browse LNG a risk it may have to buy massive amounts of carbon offsets.
A report for Woodside on the effect of LNG imports on Asian emissions sees gas and coal fighting for a shrinking market share as renewables grow.
Gas will likely be the “last man standing for hydrocarbons”, but there are questions over its long term future as a “transition fuel.”
WA is the only state in Australia with rising emissions on the back of new LNG projects that will make meeting Paris Agreement emissions reductions very dificult.
Shell’s Prelude floating LNG vessel and Inpex’s Ichthys LNG plant in Darwin have moved closer to production with the cooling of their plants with LNG.
All the info and a bit of comment on WA energy, industry and climate every Friday