LNG plants on Curtis Island, Queensland
Outlook 2025: Using gas and LNG to speed up the transition
The role of gas is changing from being a provider of a large volume of energy to peaking supply backing up expanding renewables
Zero-carbon energy continues to increase its share of the energy mix. Gas is seen as a natural partner to back up variable renewable energy, such as wind and solar, because of its firm, fast response and flexible power-generation technologies. In Australia, the increase in zero-carbon energy has not resulted in an increase in gas-fired power generation (GPG) volumes. Instead, GPG volumes have fallen as more zero-carbon energy supply enters the market. This is primarily due to low—and sometimes negative—operating costs (when subsidies are accounted for) for zero-carbon energy and the low operating costs of incumbent coal-fired power generators. A clear demonstration of this trend can be seen
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
