AGP Executive Report
Last update: 8 hours agoLNG Ownership: Shell will sell its 16.67% stake in Western Australia’s North West Shelf project to Abu Dhabi’s XRG for about $1.45 billion, shifting ownership of a major Australian gas asset. Renewables Investment: Neoen secured $1.8 billion in financing for a 1.2 GW Australian renewables portfolio, while Frontier Energy lined up $280 million in debt for its Waroona solar-and-storage project in WA. Grid Reliability: Akaysha is calling for system-security contracts for grid-forming batteries, as six new wind and battery projects won state approval. Data Centre Power: The energy minister is seeking an AEMC rule change that would require data centres to contract new firmed energy, amid concerns their growth could outpace new supply. Net-Zero Transition: A support package for workers at a gas plant has become a test case for how Australia’s new net-zero laws handle the shift away from fossil fuels.
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