Japanese power producer Jera said this week that it has signed multiple long-term LNG supply agreements with US partners over the past two months, to procure up to 5.5mn t/yr over 20 years. This includes 2mn t/yr from NextDecade and 1mn t/yr from Commonwealth LNG. It also signed non-binding interim agreements with Sempra Infrastructure for 1.5mn t/yr and with developer Cheniere for 1mn t/yr. The deals offer competitive pricing and flexible contract terms. All supply will be delivered on a fob basis priced against the US' Henry Hub, allowing Jera to optimise shipping routes and respond flexibly to domestic demand and market conditions, the company said.
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Australia promises no gas tax on existing LNG contracts
Australia promises no gas tax on existing LNG contracts
Sydney, 29 April (Argus) — No export taxes will be placed on LNG contracted by trade partners, Australia's prime minister has promised, after weeks of intensive lobbying by unions, anti-gas campaigners, economists and industry. The weeks following the US-Iran war showed it was critical to not jeopardise trade links with Asia or the investment needed from overseas partners, prime minister Anthony Albanese said in Perth on 29 April. Anti-fossil fuel groups had been calling for a 25pc tax on exports to raise money for Australia's weakening federal budget. But Western Australia's premier and other key Labor politicians close to the resources sector opposed such measures, citing the need for investment continuity . An east coast gas reservation would instead be instituted but only affect future export contracts , Albanese added. The ongoing shock from the Middle East war is leading to a renewed spotlight on Australia's lack of sovereign refining capacity. Australian ministers have been regularly dispatched to trading partners in east Asia in recent weeks to shore up supplies of gasoil, gasoline and jet fuel as well as fertilizer. Australia holds only 49 days' supply , slightly more than half of the IEA's mandated net import coverage of 90-days at the end of February and down by one day from January. Australia held 44 days of gasoline, 33 days of gasoil and 30 days of jet fuel consumption under its minimum stockholding obligation as of 21 April. The foreign minister is travelling to Japan, China and South Korea this week , which receive large volumes of Australian LNG and also export significant fuel volumes to Australia. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Fossil-fuel talk participants call for framework
Fossil-fuel talk participants call for framework
Santa Marta, 28 April (Argus) — Some countries participating in a conference in Colombia to discuss a transition away from fossil fuels called for stronger international cooperation and legal frameworks to help manage the shift. Around 60 countries are participating in the First Conference on Transitioning Away from Fossil Fuels in Santa, Marta, Colombia, and co-hosted by the Netherlands from 24-29 April. The two-day conference, which gathers ministers and other high-level officials from the participating countries, began on Tuesday. The participating countries — which together account for around one-fifth of global oil production, one-third of consumption and one-third of the world's GDP, Colombia has said — mentioned frustrations over existing multilateral frameworks based on consensus and "influenced by interests of the fossil fuel industry". Colombia's environment minister Irene Velez-Torres called for "multilateralism without de facto vetoes" that is "capable of translating agreements into implementation". "We must pave the way for a legal instrument that names what it phases out and how we finance it," Panama's special representative for climate change Juan Monterrey said, also calling on participating countries to commit to banning drilling for hydrocarbons in specific zones. Monterrey also told Argus that he expects the event to set up a few permanent working groups or streams that can carry the work in the future. Other speakers at the plenary, such as Slovenia's state secretary Uros Vajgl, Germany's environment and climate action secretary Jochen Flasbarth and Spain's ecological transition minister Sara Aagesen also urged for "practical cooperation". Others, such as Nigeria's regional development minister, said that the countries must discuss the phase down, not out, of fossil fuels. Nigeria is a crude producer and its national energy mix is heavily reliant on fossil fuels. Brazil's secretary for climate change Aloisio de Melo said on the sidelines that a fossil fuel phase out would not be one-size-fits-all. "There is no ambition for a standard roadmap," he said, adding that it is important that each country takes ownership of its own process. Many countries also mentioned a recent International Court of Justice advisory opinion that said that countries have obligations to contribute to cutting emissions, and breaching those commitments could constitute a "wrongful act". Reality check Many participating countries also emphasized how the effects of the war in Iran on fuel prices have underscored the need to transition away from fossil fuels. EU climate commissioner Wopke Hoekstra called the energy crisis brought on by the war in Iran "a reality check". "We in Europe are losing half a billion euros each day this war continues," he said. It would be "irresponsible to ignore the second energy crisis in five years", the UK's special climate representative Rachel Kyte said. The war in Iran has shown that "a fast implementation of the agreed transition from fossil fuels is not just vital to combat climate change, but is also vital for energy security and energy," Cop 30 chief executive Ana Toni told conference attendees in Santa Marta. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
No clear timeline for Brazil fossil fuel phase out
No clear timeline for Brazil fossil fuel phase out
Santa Marta, 28 April (Argus) — Brazil has no set timeline to publish its roadmap to phase out fossil fuels, the environment ministry's secretary for climate change Aloisio de Melo told Argus . Brazilian president Luiz Inacio Lula da Silva on 8 December asked the energy, environment and finance ministries to draft a resolution by February mapping out the phase-out of fossil fuels. That had followed Lula's previous calls to create an international plan to move away from fossil fuels during a leaders' summit only a few days before the UN Cop 30 climate summit held in November in Brazil. But the call did not make it to the summit's final decision despite backing´ from over 80 countries . Instead, the Cop 30 presidency pledged to create a roadmap on the issue outside of official negotiations. But the Brazilian ministries never published the resolution requested by Lula. Instead, the plan has been submitted to the national energy policy council, which will be responsible for developing it, de Melo said in the sidelines of the First Conference on the Transitioning Away from Fossil Fuels , being held in Santa Marta, Colombia, from 24-29 April. The process to draft Brazil's roadmap has many moving parts and will "involve a lot of dialogue", de Melo said. "It's a process and we're not simplifying the approach," he said. "It's not just a matter of having big long-term goals, but of having a real trajectory with clear milestones, instruments, means and so on," which is "much more complex", he he said. One of the discussions surrounding the roadmap is its timeline, de Melo said, adding that the process "will take quite a bit of time" because it needs to have "a strong, solid institutional base that truly integrates with Brazil's energy planning". "It's not about having a document with some grand speeches and messages, but something that is actually consistent, solid and guiding over time and that transcends presidential administrations", he said. Phasing out fossil fuels could run counter to Brazil's plans of increasing crude production. It produces around 4mn b/d of crude , making it one of the 10 largest producers globally, according to its hydrocarbon regulator ANP. The country plans to expand crude output to 5.3mn b/d by 2030, according to energy research bureau Epe, hinging on new exploratory frontiers such as the southern Pelotas basin and the environmentally sensitive equatorial margin. But the production goals and the roadmap can coexist, de Melo said. The plan will focus on some decarbonization solutions that are "more or less ready and actionable" such as biofuels, he said. "But there are other solutions that are in the development and finalization phase." Additionally, Brazil's planned production growth will not take place in the short term, he said. So there is time to see how fossil fuels, mainly for transportation, will be used in a cleaner energy matrix over time. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia’s Beach trims FY2026 oil, gas output guidance
Australia’s Beach trims FY2026 oil, gas output guidance
Sydney, 28 April (Argus) — Australian independent Beach Energy's output dipped on the year in January-March due to bad weather, unplanned outages and lower demand for its gas, leading the firm to cut its guidance for the fiscal year to 30 June 2026. Beach produced 4.8mn bl of oil equivalent (boe) in January-March, down from 4.9mn boe in the same period a year earlier due to severe rain in the onshore Cooper basin, lower demand for gas from Victoria state's Otway basin and unplanned Bass and Taranaki basin downtime, it said on 28 April. The firm's 2025-26 guidance has been cut to 19.4mn-20.3mn boe from a previous 19.7mn-22mn boe due to cyclone-related shut-ins at the North West Shelf LNG terminal which processes Waitsia gas, and the Waitsia plant itself. The Waitsia joint venture project , 50pc owned by Japan's Mitsui, continued to build towards its 250 TJ/d (6.7mn m³/d) nameplate capacity through the quarter but was impacted by compressor performance and the arrival of cyclone Narelle in late March. Rates have now returned to more than 200 TJ/d, Beach said. The Waitsia project has executed gas swaps and purchase returns with domestic counterparties of about 30PJ (800mn m³) net to Beach for early LNG liftings, which will be returned in the coming years to 2030-31 ( see table ). By Tom Major Waitsia Gas swap return schedule Financial Year Swap Return (%) Purchase Return (%) Total Return (PJ) FY24 100 0 0.8 FY25 100 0 0.9 FY26 100 0 1.4 FY27 69 31 4.6 FY28 43 57 6.1 FY29 34 66 7.6 FY30 37 63 7.2 FY31 36 64 2.4 Source: Beach Energy Beach Energy's quarterly results mn bl Jan-Mar '26 Oct-Dec '25 Jan-Mar '25 y-o-y % ± q-o-q % ± Production 4.8 4.5 4.9 -2 7 Sales 5.3 5.9 6.4 -17 -10 Sales revenue (A$ million) 419 445 552 32 -6 Realised gas price (A$/GJ) 11.2 11.9 11 2 -6 Source: Beach Energy Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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