Nickel miners’ pain is gas market’s gain, says Woodside

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 90%

پاکستان خبریں خبریں

پاکستان تازہ ترین خبریں,پاکستان عنوانات

Gas giant Woodside says Alcoa’s move to shutter a major WA alumina refinery paired with the state’s struggling nickel sector could create allay domestic gas supply concerns.

Woodside says Western Australia’s faltering nickel industry and the closure of Alcoa’s Kwinana alumina facility will allay some domestic gas shortfall concerns, with demand easing by up to 10 per cent in the state., Woodside executive Mark Abbotsford said on Wednesday that local demand had fallen since the energy market operator warned of a looming shortfall last year.“We actually see a demand-side effect that has reduced that.

Mr Abbotsford, Woodside’s executive vice president of marketing and trading, said the company was even dealing with one unnamed iron ore miner reducing their demand by 20 terajoules per day due to an “ongoing dispute” in relation to tenements.“The significance of the items I just raised in terms of a demand side effect are not immaterial; they’re up to around 10 per cent of the WA market could be impacted in the short term,” he said.

Labor MP and inquiry chair Peter Tinley cited concerns Pluto would not “live up” to its requirement to sell 15 per cent of the gas it produces into the domestic market.“Picking up the shortfall of 15 per cent at Pluto through other distributions, is that something that actually occupies your mind much, the capacity to actually bring the molecules from somewhere else?,” Mr Tinley asked.

 

آپ کے تبصرے کا شکریہ۔ آپ کا تبصرہ جائزہ لینے کے بعد شائع کیا جائے گا۔
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:

 /  🏆 2. in PK

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

Nickel price collapse: Pentagon pitched Australian nickel investmentResources Minister Madeleine King met officials to discuss investments in the nickel industry in Australia.
ذریعہ: FinancialReview - 🏆 2. / 90 مزید پڑھ »

Nickel price collapse: Green premium won’t save Australian nickel says Metals Acquisition boss Mick McMullinThe boss of an ASX-NYSE listed miner says even if miners could fetch a green premium, it may not be enough to make nickel mined outside Indonesia attractive.
ذریعہ: FinancialReview - 🏆 2. / 90 مزید پڑھ »