AGP Executive Report
Last update: 12 hours agoLNG Ownership: Shell will sell its 16.67% stake in Western Australia’s North West Shelf project to Abu Dhabi’s XRG for $1.45 billion, marking XRG’s first Australian LNG investment. Rates and Energy Costs: The RBA lifted the cash rate to 4.85%, citing inflation fuelled partly by higher fuel and commodity prices amid the Middle East conflict. Renewables Investment: Neoen secured A$1.8 billion in financing for a 1.2GW Australian portfolio spanning wind, solar and battery projects. Shipping Decarbonisation: Fortescue reported a successful trial of an ammonia-powered bulk carrier in Western Australia, with the vessel bunkered at Port Hedland. Gas Policy Scrutiny: A consultancy advising the government on gas policy also worked for gas industry groups without disclosing the overlap, according to an advocacy group’s investigation. Snowy 2.0 Accountability: Snowy Hydro executives received $751,925 in bonuses despite the troubled project’s cost blowout.
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