Australia has huge potential to develop offshore windfarms near existing substations, report says
Australia has the potential to develop a substantial offshore wind energy industry from scratch, with abundant resources available near existing electricity substations across the continent, according to a new report. The Blue Economy Cooperative Research Centre said Australia was yet to capitalise on significant offshore wind capacity despite the International Energy Agency nominating it as one of the “big three” likely sources of renewable energy globally alongside solar an
China-Australia tensions create LNG trade uncertainty
Rising political tension is creating concern for the China-Australia liquefied natural gas (LNG) trade, with other global LNG suppliers the potential beneficiaries of this tension. LNG is a vital resource supporting China’s push towards a cleaner energy mix. Over the past five years, reinforced by gas market reforms and infrastructure development, the country recorded double-digit gas demand growth across all sectors. Wood Mackenzie’s gas and LNG consultant, Xueke Wang, said,
