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The Prize for LNG Sellers Will Be Significant as Demand in Asia Grows, Energy Consultancy Says – NBC New York
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17 May 2021 11:51 GMT Updated 17 May 2021 12:36 GMT in Perth
Western Australia has set an ambitious target of 100 gigawatts of renewable energy for green hydrogen within a decade, with that figure to double by 2040.
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Hydrogen Minister Alannah MacTiernan set out the state’s aims to become a leader in green hydrogen at a Committee for Economic Development of Australia (CEDA) event in Perth last week.
“It’s really very tricky and very controversial to try and project what the size of this industry is going to be, but, when we look at what is happening, we think it is not beyond the pale to suggest that in the next 10 years that we could be producing up to 100GW of renewable energy for hydrogen and by 2040 that could be up to 200GW of power,” MacTiernan said.
How Asia changed the global LNG market in one year
Resilient demand, price recovery and green liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson. by Gavin Thompson, WoodMackenzie
© Shutterstock / AlexLMX
On the move: An LNG tanker sets sail
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Resilient demand, price recovery and ‘green’ liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson.
Australia will need to retool commodity exports to achieve net-zero emissions by 2050 April 20, 2021, by Jasmina Ovcina
As Australia gears up efforts to achieve net-zero emissions by 2050 it is clear that the nation would have to commercialize low emission technologies and change its energy mix in the next 30 years.
Speaking on Monday ahead of a climate summit occurring this week, Australian PM
Scott Morrison said that the Aussie government was charting its own course to ensure
“Australia is well placed to prosper through the great energy transition of our time, consistent with the strong action on climate change. “
Australia aims to reduce its emissions by 70 percent per unit of GDP on 2005 levels, and halve it when considered in per capita emissions, by 2030. According to Morrison, Australia has lowered its emissions by 19 percent at the end of 2020 when compared to the 2005 levels.
Coal prices surge on NSW weather disruptions
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