Latest Australian Energy Markets News

APA Group has committed a further $700 million to the Bulloo Interlink Pipeline after securing a five-year, take-or-pay agreement with Origin Energy. The 800 TJ/day project is aimed at easing projected north-to-south gas constraints, with construction targeted for early 2027 and operations for winter 2029.

1414 Degrees has completed the acquisition that gives it 100% ownership of the 16 km² Aurora Energy Precinct near Port Augusta. The move simplifies negotiations around a proposed 140 MW battery, staged grid connections and a potential 1 GW AI data centre, but commercial commitments and financing remain outstanding.

AEMO has increased the capacity allocation for Frontier Energy’s Waroona Stage One project by 10.95MW, lifting expected annual Reserve Capacity Payments to about $36 million. The change raises the project’s forecast revenue, EBITDA and free cash flow through the fixed-price period, although the forecasts still depend on construction, commissioning and future capacity assessments.

Strike Energy has moved South Erregulla into final commissioning and lifted West Erregulla’s net 2P reserves by about 20%, but the project-heavy year came with sharply lower earnings and operating cash flow. The company is now relying on execution, financing and new production to convert a larger asset base into cash generation.

Verbrec has landed $16 million in new contracts spanning engineering, construction, and cyber security services for gas infrastructure, reinforcing its role in Australia's energy security amid looming supply challenges.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Lakes Blue Energy is positioning its Wombat Gas Project as a key contributor to Victoria's energy security and emerging AI infrastructure, with a conceptual study projecting a post-tax NPV10 of A$605 million and first gas in early 2029.

Livium is positioning its Envirostream subsidiary to capitalise on the growing battery recycling needs from Australia's booming AI data centre sector, leveraging its EPA-licensed facilities and national network.

1414 Degrees has cleared a key technical hurdle at its Aurora Energy Precinct in South Australia, moving its Stage 1 battery storage project into commercial transmission negotiations amid strong interest from major data centre players.

Strike Energy’s South Erregulla Power Station has completed major construction and started commissioning, advancing toward its October 2026 target for commercial operation.

Bass Oil has landed a $3.5 million grant from the South Australian Government to fund a production pipeline for its 100% owned Kiwi gas project, aiming to connect it to Cooper Basin infrastructure and boost domestic gas supply by 2028.

QPM Energy is positioning its Isaac Energy Hub and 112MW Isaac Power Station to meet surging data centre electricity demand forecast to reach up to 35 TWh by 2036, amid coal plant retirements and rising grid pressures.