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28-09-2017, 02:27 PM
Lights Out? Now Australia's Got a Coal Shortage
By Perry Williams and Ben Sharples
September 27, 2017, 10:00 PM GMT+8 Updated on September 28, 2017, 12:33 PM GMT+8
Australia’s energy crisis keeps getting stranger.
The world’s second-biggest seller of liquefied natural gas is already threatening producers with export curbs as it struggles to find enough supply for its own use. Now one of the largest thermal coal shippers is scrambling to replenish stockpiles at some power plants after they dwindled following a surge in demand and constrained supply.
It’s the latest twist in the saga of how a global energy powerhouse is struggling to sustain reliable and affordable electricity for its own population. Power price spikes and gas shortages have already frustrated businesses and homes across the nation and put pressure on the government and generators to prioritize domestic customers over sometimes more lucrative export markets.
More details in https://www.bloomberg.com/news/articles/...al-squeeze
By Perry Williams and Ben Sharples
September 27, 2017, 10:00 PM GMT+8 Updated on September 28, 2017, 12:33 PM GMT+8
Australia’s energy crisis keeps getting stranger.
The world’s second-biggest seller of liquefied natural gas is already threatening producers with export curbs as it struggles to find enough supply for its own use. Now one of the largest thermal coal shippers is scrambling to replenish stockpiles at some power plants after they dwindled following a surge in demand and constrained supply.
It’s the latest twist in the saga of how a global energy powerhouse is struggling to sustain reliable and affordable electricity for its own population. Power price spikes and gas shortages have already frustrated businesses and homes across the nation and put pressure on the government and generators to prioritize domestic customers over sometimes more lucrative export markets.
More details in https://www.bloomberg.com/news/articles/...al-squeeze
Specuvestor: Asset - Business - Structure.