Enbridge Gas’ Post

The Australian Government’s Future Gas Strategy must adequately consider the need for more gas production to meet ongoing demand. Our submission highlighted it must prioritise development of the nation’s abundant gas supplies to deliver domestic energy and economic security. A range of other organisations also reinforced the importance of natural gas and the need for investment in new supply. Natural gas is the safety net for Australia’s energy transition, providing affordable and reliable energy for households and businesses. 🔗 View our submission here: https://lnkd.in/edq5DdnT #FutureGasStrategy

To assess current investor sentiment towards North American natural gas utilities, the Canadian Gas Association (CGA) and American Gas Association (AGA) partnered with MCR Performance Solutions on a recent study. Notably, all investors surveyed anticipate a long-term role for natural gas. “Investing in utilities is a wise choice, offering investors secure opportunities for long-term growth and dependable returns,” said paul cheliak, CGA Vice President of Strategy and Delivery. “As Canada’s population grows, with its diverse geography, unique climate needs, and abundant natural gas supply, natural gas infrastructure will continue to deliver reliable, affordable, and sustainable gas energy today and in the future.” Read more: https://lnkd.in/gEwH495n Access the full study here: https://lnkd.in/g7F4UwVF   #NaturalGas #UtilityInvestment #ReliableEnergy

Leader of the Opposition The Hon. Peter Dutton MP this morning reinforced that gas remains “essential for affordable and reliable energy for all Australians… as we transition to new energy system”. “Worldwide, natural gas demand is forecast to rise between 2022 and 2050 by 34 per cent (and) the Asia Pacific will be a key area of growth,” he said. “The proportion of gas as part of the region’s energy mix is forecast to increase from 11 to 16 per cent by 2050. These figures and trends are revealing. “We will stand up for our gas industry – recognising the crucial role it plays in meeting our national energy goals.” Addressing delegates on the final day of the Australian Energy Producers Conference, Mr Dutton highlighted his plan to turbocharge resources sector projects for the benefit of the nation. It follows Mr Dutton's welcome Budget-in-Reply speech outlining the Federal Opposition’s plan to boost Australia’s energy and economic security by unlocking new gas production and fast-tracking urgently needed gas projects. 🔗 Read today's full speech here: https://lnkd.in/gp4ZsGXf #EnergyProducersConf

Our Executive Vice President Marketing and Trading Mark Abbotsford shared our plans to make more gas available for Australian customers at the Australian Domestic Gas Outlook conference in Sydney today. He said we are in the process of finalising arrangements with the West Australian Government to make more gas available for the local market very soon. We believe this proposed commitment, coupled with recent demand-side effects will largely address the forecast supply shortfall in WA. On the east coast, we intend to initiate an expression of interest process for 50 petajoules of gas across 2025 and 2026. These plans demonstrate our steadfast commitment to ensuring Australians have access to reliable and secure energy and will build on our proud 40-year history as a supplier of domestic gas. #energy #naturalgas #domesticgas

Best invest in Building Fusion power, space, and maritime propulsion systems and industry, You talk about Nuclear (meaning Fission) and fail to discuss fusion. https://lnkd.in/ge_aeX7M The nuclear fission industry is, ignorant of what's happening around you. Pull your uranium heads out, start adjusting your industry to fusion energy and start preparing to enter the commercially growing fusion energy industry. As it dawns on Earth like the sun. Great Headline Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR Fission is moving towards obsolescence at an accelerated pace, as it is "out of step, out of time, out of place," and merely a temporary industry globally. https://lnkd.in/gbd_mZqk Commercial fusion electrical generation is a promising innovative sustainable and clean energy method. By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now see what is happening in the Fusion industry in the world. https://lnkd.in/g9hMBD7a As fission trebles, fuel shortage is increasingly real, https://lnkd.in/gze5rwpr

Government's position on Natural gas needs to be backup with tangible support. David Westman Westman, tasked with achieving Labor’s goal of 82% renewable electricity, claims natural gas is essential for ensuring reliability in the eastern grid. Yet, this statement rings hollow given the government’s actions, which have consistently hindered progress in the gas sector. Federal and state governments have delayed critical approvals, such as the decade-long wait for the Narrabri gas project. Additionally, government-funded bodies like the Environmental Defenders Office have launched costly legal challenges against producers, discouraging private investment. There is little evidence that the government intends to create a secure investment environment for the gas exploration and development industry. If natural gas truly plays such an essential role in grid reliability, then Westman’s statement deserves honest clarification on how the government plans to back this vision with tangible support.

In a letter to the Toronto Sun, Malini Giridhar, Vice President, Business Development & Regulatory at Enbridge Gas, refutes the assertion by NDP MPP Peter Tabuns - in an article he wrote that was published by the Sun - that natural gas customers are paying a “subsidy” to cover the costs of expanding natural gas infrastructure. (View Malini’s full Toronto Sun letter-to-editor response here: https://lnkd.in/eiESMmrG) “Enbridge Gas abides by an existing Ontario Energy Board (OEB) regulation that protects existing natural gas customers from the cost of expanding the natural gas system and ensures costs are appropriately borne by the customers who will benefit from the new infrastructure,” Malini wrote in her letter. She added: “This regulation allows the cost to connect to the natural gas system to be spread over a defined time period, which has historically been — as approved by the OEB — up to 40 years.” #NaturalGas #OnPoli 

The government has announced a significant increase in the price of Regasified Liquefied Natural Gas (RLNG) for the month of March 2024. This decision comes amidst various factors impacting the energy sector, including international market dynamics and domestic supply challenges. The move is expected to have implications across various sectors, including manufacturing, power generation, and domestic consumers. As stakeholders assess the ramifications of this price adjustment, discussions surrounding energy policies, sustainability, and economic considerations are likely to gain prominence #RLNGPriceHike #EnergySector #March2024 #GovernmentDecision

Power Advisory has published a good overview of the electricity market changes announced by the Alberta government this week, including the very helpful table below that compares the MSA's Enhanced Energy Market (EEM) recommendations and the AESO's Restructured Energy Market (REM) recommendations. My recommendation is to agree on a common name :-) Check out the Power Advisory article in the link below. I've also provided a link to the new Market Power Mitigation Regulation for those interested. Power Advisory overview: https://lnkd.in/gtthXe-n Market Power Mitigation Regulation: https://lnkd.in/g4UhwEjP

Is your gas bill skyrocketing? If you're in New England, relief may be on the way! Since October of 2023, Connecticut, Massachusetts, and Rhode Island have been collaborating on a joint offshore wind procurement, aiming for a 6 GW offshore wind deployment goal. 💡 Article Highlights: Bill Reduction: Expected savings of $2.79 to $4.61/month per customer. Strategic Waters: Southern New England's waters are ideal for offshore wind deployment Collaborative Effort: First joint offshore wind procurement agreement in the U.S. Future Projections: Savings could exceed $1 billion annually under high natural gas prices This initiative not only helps meet clean energy goals but also ensures substantial economic benefits for residents. Read the full article now: https://lnkd.in/eBT2j6Ds #RenewableEnergy #OffshoreWind #CleanEnergy #Sustainability