An LNG import terminal in Victoria could be an important lifeline for households and gas-reliant manufacturing firms,but environmentalists and community groups have concerns about the project.
One of the world’s most influential energy researchers is tipping a boom decade ahead for oil and gas producers. But it will probably be the last one.
There is some immediate relief for customers at 700 Coles Express sites with a 10¢ cut as large petrol and diesel suppliers pledge to pass on the full 22¢ fuel tax saving to motorists in ‘coming weeks’.
Two of Australia’s biggest fuel suppliers have stopped buying Russian crude oil as war in Ukraine continues.
The plan for a large gas-import facility on Corio Bay has met some opposition in Geelong,despite Victoria’s appetite for gas and the regulator’s prediction that supplies will be squeezed next year.
Viva Energy is pitching its plan to build Victoria’s first gas import terminal in Geelong as the cheapest short-term solution to the state’s looming gas crisis.
Australian fuel supplier Viva Energy expects ongoing lockdowns to continue hammering petrol,diesel and jet fuel demand for the rest of the year.
Ampol and Viva Energy reach a deal with the federal government to continue operating refineries in Brisbane and Geelong for at least another six years.
Viva Energy says importing LNG at the site of its Geelong oil refinery could avert winter gas shortages forecast to hit Victoria within years.
As fuel security fears mount,Viva Energy’s Scott Wyatt has voiced confidence that rescue talks will deliver the long-term support to retain local oil refining.
Viva Energy intends to keep the Geelong oil refinery open beyond mid-2021 with the help of an emergency subsidy,offering hope for hundreds of workers.