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Gas crisis

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Australia’s second-largest oil and gas producer has had to shut down exports from Darwin, just as global prices are spiking.

Santos halts gas exports from Darwin amid global energy scramble

The oil and gas giant has been forced to suspend shipments from a key Australian gas-export terminal just as the war in Iran ignites demand and prices.

  • Nick Toscano

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President Donald Trump arrives on Air Force One, at Joint Base Andrews.

The war may be over soon, but its damage will stay with us for years to come

The global economy, faced with higher energy costs and interrupted energy supply, has limited flexibility to blunt the aftershocks of the Iran war.

  • Stephen Bartholomeusz
Prime Minister Anthony Albanese and International Energy Agency chief Fatih Birol.

Economic carnage ‘worse than ’70s’ as PM admits ‘stable, predictable world’ is gone

International Energy Agency chief Fatih Birol has warned that governments have failed to inform their citizens of the scale of economic damage being wrought by the Iran war.

  • Mike Foley
Gas producers say taking reserves for Australia from existing export supplies would harm confidence to invest.

Energy producers want to reserve gas for Australia – but it must come from new supplies

Bringing new gas supply online sooner is the only sustainable solution to put downward pressure on prices.

  • Samantha McCulloch
The federal government is poised to become a bulk buyer of gas in a bid to stop factories shutting down due to high energy prices.

Labor plan to buy gas to stop factory closures as prices soar

The Albanese government is considering a first-ever national scheme to stop factories closing due to high-energy bills.

  • Mike Foley, Nick Toscano and Paul Sakkal
Queensland’s gas pipeline to the southern states is at capacity.

Labor set to make major intervention to keep gas in Australia

The government is under pressure to keep ailing smelters, concrete makers and plastics firms alive, as well as keep a lid on household power bills.

  • Paul Sakkal
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Meg O’Neill.

Trump wants to ‘drill, baby, drill’. This Australian giant is happy to help

Oil and gas giant Woodside is expanding in the US under its American chief executive. Over brunch in New York, Meg O’Neill explains why she thinks the climate conversation has fundamentally changed.

  • Michael Koziol
Victorian Energy Minister Lily D’Ambrosio.

Victoria pleads with rest of country to limit gas exports before forecast supply shortfalls

The Allan government says the state’s vast offshore gas fields are being drained faster by supplying the entire eastern seaboard for decades.

  • Kieran Rooney and Nick Toscano
Beetaloo Energy has seen substantial gas flaring while running clean up at its Carpentaria-5H well in the Northern Territory.

Beetaloo observes significant gas during NT well clean-up

Beetaloo Energy has observed significant gas flowing while running clean up at its Carpentaria-5H well in preparation for an important upcoming IP30 flow test.

  • Craig Nolan
Chris Bowen says it’s a “reasonable request” for Australians to have access to Australian gas.

Affordable fuel, no shortages: Bowen’s domestic reservation threat for gas industry

Peter Dutton shocked the industry by promising a domestic reservation scheme on massive LNG exporters. The Albanese government might deliver on his threat.

  • Mike Foley