Australia

Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.

ACEN Australia’s 900 MW wind project secures federal approval

With an AUD$3 billion investment, ACEN launches one of Tasmania’s largest private projects, aiming for commissioning in 2030 and annual supply for 500,000 households.
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Green Wind Renewables is developing a 450 MW wind farm in the Wheatbelt region of Australia, with up to 75 turbines and an estimated annual output of 1.5 TWh.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.

Piedmont Lithium and Sayona complete merger to create Elevra Lithium

Piedmont Lithium has completed its merger with Sayona Mining, giving birth to Elevra Lithium, a new mining group focused on hard-rock lithium with an expanded presence in North America and Australia.
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Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.

India diversifies coking coal purchases, Australia retreats

India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
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French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.

Photon Energy Group posts 7.5% growth despite declining EBITDA

Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
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Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.

Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations

Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
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With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.
Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.

Acen Australia files federal application for 1,760MWh battery in Queensland

Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
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OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.
Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
The recent auction for the South West Renewable Energy Zone in New South Wales reveals a growing interest in renewable energy. With bids exceeding 15 GW, this initiative marks a significant step towards a sustainable energy transition in Australia.
Indian Oil Corporation has signed a major agreement with ADNOC for 1 million tonnes of LNG per year for 15 years. This commitment strengthens the energy relationship between India and the Emirates, while meeting the growing demand for LNG in India.

Australia prepares to become world leader in renewable hydrogen

Australia's ambition is to become a world leader in renewable hydrogen, aiming to produce 15 million tonnes per year by 2050. This strategy, backed by international partnerships and significant investment, promises to transform the energy sector.
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Neoen signs a power purchase agreement with SmartestEnergy covering 50% of the output from its Culcairn solar project, one of the largest in Australia, to support the growing demand for renewable energy in New South Wales.
East Timor and Australia plan to sign an agreement by November on the development of the Greater Sunrise gas field, a strategic and economic issue for both countries.

Ingeteam wins 133 MW hydrogen project at German refinery

Ingeteam will supply the technology to produce 11,000 tonnes of green hydrogen per year at BP's Lingen refinery, marking a milestone in the sector.
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Despite international reduction commitments, methane emissions are rising at a record pace, posing major risks for global climate and energy policies.
Asian refiners are experiencing their lowest margins since 2020, due to oversupply and falling demand for diesel and gasoline.

Sovcomflot maintains its share of Russian non-G7 oil exports at 80%.

Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August. New U.S. sanctions increase pressure to reduce Russian revenues.
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The United States is stepping up its pressure on Russia's Arctic LNG 2 project by imposing new sanctions against companies and vessels involved, further complicating Moscow's liquefied gas export capabilities.
According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.

Neoen launches the second phase of Western Downs Battery with AGL in Australia

Neoen begins construction of the second unit of Western Downs Battery following a 200 MW virtual battery contract signed with AGL Energy, aimed at boosting the flexibility of the Queensland electricity grid.
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Asia-Pacific is making progress in CCUS, but high costs and regulatory challenges are holding back progress.
Singapore is exploring partnerships with Australia and Southeast Asia to diversify its energy sources, in response to growing demand and its decarbonization objectives.

Australia: Ichthys LNG production to resume in October 2024

The Ichthys LNG project in Australia is scheduled to return to full production capacity in October, following an interruption to Train 2, temporarily impacting LNG exports to Asia.
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Atlassian co-founder Mike Cannon-Brookes is accelerating Australia's energy transition with massive investments in the SunCable project, destined to become the world's largest solar power plant.
Atlassian co-founder Mike Cannon-Brookes is accelerating Australia's energy transition with massive investments in the SunCable project, destined to become the world's largest solar power plant.

Australia validates the world’s largest solar power plant

Australia approves SunCable, a solar project on an unprecedented scale, designed to power three million homes and export energy to Singapore.
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Engie finalizes financing for its 250 MW solar project in Victoria, Australia, marking a key step in its expansion of renewable energies.
Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.