Latest Gas Fired Power News

KALiNA Power returned to profit in FY2026 after booking A$19.6 million from the sale of a 180 MW Alberta load allocation linked to Meta. The company now has A$12.3 million in cash and four gas-fired power projects targeting about 900 MW, but future progress depends on fresh capital and project approvals.

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.

Beetaloo Energy is advancing its vast gas resource in the Beetaloo Basin, aiming for first gas sales by late 2026, backed by a binding NT Government agreement and key infrastructure investments.

Brightstar Resources has greenlit full-scale construction of its Goldfields Project with all key approvals in place, targeting first gold in mid-2027 while boosting its Sandstone resource base to 2.9 million ounces.

TMK Energy’s Gurvantes XXXV Pilot Well Project posted an 8% rise in average daily gas production in June 2026, driven by a second significant gas spike at well LF-07. The company has selected Major Drilling to execute its upcoming drilling and workover program scheduled to start in August.

QPM Energy has secured critical approvals and financing milestones for its 112MW Isaac Power Station, alongside a significant upgrade to its Moranbah Gas Project reserves, positioning it as a key energy supplier in Queensland.

Catalyst Metals reported stable gold production at Plutonic despite rising costs, unveiled a promising new ore source at Cinnamon, and expanded its landholdings significantly in the Bryah Basin.

Beach Energy’s Q3 FY26 output rose 7% quarter-on-quarter, led by a 174% surge in Perth Basin production following Waitsia Gas Plant compressor commissioning. The company also secured new Queensland acreage and greenlit the Moomba Central Optimisation project, though weather disruptions trimmed Cooper Basin output and prompted a production guidance cut.

QPM Energy Limited has received credit approval for a $72 million loan from the Northern Australia Infrastructure Facility to support construction of the 112MW Isaac Power Station, complementing existing financing arrangements with Macquarie Bank.

Strike Energy reports a significant 35% increase in the Benchmark Reserve Capacity Price for 2028/29, alongside strong construction progress at its South Erregulla Power Project, signalling robust prospects for WA’s energy transition.

QPM Energy Limited has announced a substantial upgrade to its Moranbah Gas Project reserves and resources, now certified at over 1,000 petajoules, positioning the company as a key player in Queensland’s evolving gas and electricity markets.

TMK Energy has achieved a new record in gas production at its Gurvantes XXXV Coal Seam Gas Project in Mongolia, with output surpassing 900 cubic metres per day. This milestone paves the way for the company’s first gas-fired generator, targeting electricity supply to the local grid by late 2026.