Commercial realities of the proposed LNG import terminals on the east coast of Australia

2019 ◽  
Vol 59 (2) ◽  
pp. 663
Author(s):  
Nicholas Mumford

Recent government intervention in the East Australian Gas Market (EAGM) may have temporarily settled short-term supply availability concerns; however, gas prices in the EAGM now inevitably trend with the spot LNG Netback Price. Notwithstanding, supply remains tight, due to lack of upstream investment from overhang of some state government policies restricting exploration and development, and the lack of investment stemming from the recent period of low oil prices. Save further government intervention to retrospectively reserve already contractually committed export supply from the three Queensland LNG export projects, there is no ‘quick fix’ solution to fully address market tightness in the short to medium term from indigenous sources of gas supply. The only real solution to ensure security of supply over a reasonable tenure is to import LNG into the EAGM. However, the clear commercial reality of gas supply sourced from an LNG import terminal is that it can only be supported by high gas prices, albeit also providing other market benefits such as peaking capacity and storage. Without a solution to the EAGM supply–demand issue, there will be demand destruction as industrial users and electricity power generators seek alternatives to gas supply or simply cease operations. Most indigenous gas supply alternatives to LNG imports stem from the northern states and may provide solutions over the longer term (e.g. Beetaloo Basin), but do not solve the immediate need for gas supply in the southern states by 2020/21. New supply from the north is in any event physically pipeline-constrained over this timeframe.

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
James A. Beckman

Abstract This article analyzes the specific issue of whether an individual could be tried for treason by a State government if that individual is not a resident or citizen of that State. This issue is analyzed through the prism of the landmark case of John Brown v. Commonwealth of Virginia, a criminal prosecution which occurred in October 1859. Brown, a resident of New York, was convicted of treason against the Commonwealth of Virginia, insurrection, and murder after he attempted to overthrow the institution of slavery by force on October 16–18, 1859. After a prosecution and trial which occurred within a matter of weeks following Brown's crimes, Brown was executed on December 2, 1859. To this day, John Brown's trial and execution remains one of the leading examples of a State government exercising its power to enforce treason law on the State level and to execute an individual for that offense. Of course, the John Brown case had a major impact on American history, including being a significant factor in the presidential election of 1860 and an often-cited spark to the powder keg of tensions between the Northern and Southern States, which would erupt into a raging conflagration between the North and South in the American Civil War a short eighteen months later. However, in the legal realm, the Brown case is one of the leading and best-known examples of a state government exercising its authority to enforce its laws prohibiting treason against the State. The purpose of this article is not to discuss treason laws generally or even all the issues applicable to John Brown's trial in 1859. Rather, this article focuses only on the very specific issue of the culpability of a non-resident/non-citizen for treason against a State government. With the increased array of hostile actions against State governments in recent years, and criminal actors crossing state lines to commit these hostile acts, this article discusses an issue of importance to contemporary society, namely whether an individual can be prosecuted and convicted for treason by a State of which the defendant is not a citizen or resident.


Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7188
Author(s):  
Wiktor Hebda

The energy sector in Poland is currently calling for dynamic redevelopment and cleaner energy. This country is world famous for its high level of coal production, from which it does not want to retreat in the next two decades. For this reason, it is safer to gradually reduce the use of coal while increasing the consumption of gas and simultaneously developing green energy. However, the Polish gas sector is still dependent on Russian gas supplied through the Yamal gas pipeline. Taking into consideration Polish geopolitics, this state of affairs poses a huge challenge and a threat to Poland’s energy security. That is why the concept of the North-South Gas Corridor was introduced. It is intended to be a network of gas pipelines that connect the countries of Central and South Europe to two gas terminals (in Poland and Croatia), which will supply gas from a chosen source. This article presents the current condition of the gas sector in Poland. It focuses on the North-South Gas Corridor project and its impact on the energy security of Poland. An analysis of documents and field research shows that the North-South Gas Corridor provides Poland with an opportunity to diversify the sources and directions of gas supply over the next few years.


2021 ◽  
Vol 2 (2) ◽  
pp. 1-8
Author(s):  
Danylo Stonis

The article overviews approaches to the diversification of gas supplies in the framework of the Three Seas Initiative. The modern geopolitical situation in Eastern and Central Europe is characterized by transformation processes in the energy sector. Due to the implementation of decarbonization policy in the European Union and subsequent shift from coal as a main energy source, a need in alternative fuel sources, such as natural gas, emerges. Therefore, a significant increase in natural gas consumption is expected, which raises a number of issues, such as dependence on a single gas supplier and orientation of the EU’s gas transmission system in East-West direction only. This issue is crucial for Eastern and Central European states, due to the underdeveloped gas infrastructure in the region and heavy dependence on a single gas supplier, such as Russia or Turkey. Hence, the Three Seas Initiative is considered as a powerful tool, designed to develop energy, transport and digital infrastructure of the region in the North-South direction, where one of the most potentially promising projects within the framework of the Three Seas Initiative is represented by the development of gas infrastructure, aimed at solving the diversification of supplies in the gas market in Eastern and Central Europe. The implementation of developed gas infrastructure and diversification of gas supplies consists of several regional projects that are relevant for those countries in the region in which they are implemented in particular and for all member states of the Three Seas Initiative in general. The main purpose of the implementation of these projects is the creation of a unified natural gas transportation infrastructure in Eastern Europe along the North-South axis. The result of such a grand reorganization in the field of gas supplies to Europe will be an increase in the number of independent suppliers in the European gas market and a decrease in the dependence of the EU countries on gas supplies from Russia. In the article, the author traced in detail the tendency of the formation of energy infrastructure along the North-South axis with focus on the projects that are being implemented by each of the participating countries within the framework of the Three Seas Initiative. This approach allows to assess the scale and integrity of the gas transportation infrastructure, that is being created in the Eastern Europe region and its contribution to the common European energy security policy.


Author(s):  
Lars U. Scholl ◽  
Lars U. Scholl ◽  
Lars U. Scholl

This essay analyses the North Atlantic Cotton Trade through records of cotton arrivals at Liverpool, using two sets of data from 1830-1832 and 1853-1855. Using Customs Bills of Entry, Williams presents data of cotton receipts from the United States to Liverpool; quantities of bales exported; numbers of vessels; origin ports of vessels; distinguishes between regular and occasional cotton traders; arrivals at Liverpool by nationality; and vessel tonnage. He determines that the majority of vessels participated in the cotton trade seasonally, and suggests that the cotton trade was not self-contained, but part of a complex interrelationship within the North Atlantic trade system, encompassing commodity dealings, shipping employment levels, and the seasonal characteristics of cargo. The conclusion requests further scholarly research into the pattern of ship movements in the Atlantic. Two appendices provide more data, concerning arrival dates of regular traders in Liverpool, and the month of departure of cotton vessels from Southern states.


Author(s):  
John Armstrong ◽  
David M. Williams

This chapter explores the government reaction to steam power and the issues of public safety that surrounded it. In particular, it questions the lack of prominent government intervention until the middle of the nineteenth century. It studies the economic advantages of steam over sail; the new hazards associated with steam power and the causes and rates of accidents; the call for government intervention which grew out of these hazards; an analysis of the lack of government response to this pressure for close to thirty years; and a study and assessment of the action eventually taken. It concludes by bringing these points together and places them into the wider context of maritime safety, the role of government, the problematic aspects of laissez-faire politics, and the difficulties inherent in the transition to new technology.


Author(s):  
Erik Mathisen

When southern states seceded from the United States, a fiery argument held that white southerners’ love of their home state would translate without trouble into love for a new southern nation. As a consequence of a Confederate nation that grew in size and power to fight a modern war, however, a southern nation would in time swallow southern states whole. This chapter focuses on Mississippi, where Governor John Pettus imagined a state government that would maintain its sovereignty and the loyalty of the populace. As he would discover, however, a combination of Union incursions into the state and the development of the Confederate nation, would together sap Pettus’ government of its power.


Author(s):  
William B. Meyer

In 1810, more than four in five Americans lived in one of the original thirteen seaboard states. Half a century later, though those states had grown considerably, they held less than half of the nation's population. The reason lay in the post-1815 rush of settlers beyond the Appalachians into the continental interior, "one of the great immigrations in the history of the western world." Chaotic though this movement was in many ways, it showed at least one orderly pattern. Individually these settlers followed many paths, but the typical ones moved due west, erring to the north or south only when their path was blocked by mountains or water or political boundaries or when they were pulled aside by the easier travel routes along navigable rivers. Most of the inhabitants of every inland state in i860 came from the states to the east within its own latitudes. It was mostly New Englanders and upstate New Yorkers—themselves mostly of New England origin—who occupied the territories and states bordering on British North America. They left the central and southern parts of Ohio and Indiana and Illinois mainly to settlers from the middle states and the Chesapeake. The frontier of the Deep South was colonized from the far southern coastal states much more than from Virginia or North Carolina, states that furnished Kentucky and Tennessee and Missouri with the bulk of their inhabitants. "Ohio Fever" swept the rural Northeast after 1815, followed by "Michigan Fever" in the 1830s, but it was "Alabama Fever" and "Texas Fever" that gripped the southern states. Modern research has documented what many Americans at the time spotted for themselves, what some who could agree on little else agreed was a constant truth of human behavior growing out of a basic law of climate-society relations. "The great law that governs emigration," announced a Massachusetts congressman during an argument against the spread of slavery, "is this: that emigration follows the parallels of latitude." It was "a great law of emigration," "fixed and certain," echoed a Louisiana editor in a defense of the South and its institutions, "that people follow the parallels of latitude." People were presumed to do so in order to avoid the change of climate that traveling north or south would have entailed.


Author(s):  
Deepak Gopinath

This paper offers a commentary on what decentralisation has come to mean in India, based on recent research conducted in Kerala, one of the southern states. In particular, the paper discusses the tensions between ‘regionalism’ and ‘localism’. It begins with a brief outline of how decentralisation is conceived within the broad literature. This is followed by a case study, where the shifts in forms of decentralisation adopted by the Kerala state government are examined. The paper concludes with key findings that underpin an understanding of decentralisation within the Indian context.


2017 ◽  
Vol 57 (2) ◽  
pp. 526
Author(s):  
Will Pulsford

The Australian Energy Market Operator (AEMO) issued a Gas Statement of Opportunities in March 2016, which reports that gas supply to the domestic and liquefied natural gas markets in eastern Australia will be largely satisfied by proved and probable reserves until 2026 and by the addition of contingent resources until 2030. However, in parallel, there are widely reported concerns by energy consumers of insufficient gas supplies to meet demand by the early 2020s and a lack of new gas supplies to replace existing expiring contracts. Gas shortages have already contributed to black outs and load shedding events in South Australia. This paper reviews the eastern Australian gas supply position at a basin level. The AEMO basin level supply forecasts are reviewed and adjusted to generate forward profiles, which are consistent with reported reserves levels, production histories and depletion behaviour of typical gas fields. The revised supply forecast is compared with the AEMO’s demand profiles, and the likely commercial behaviour of key participants in the market is considered to build a picture of the domestic gas supply-demand balance through the 2020s. This analysis provides a transparent link from market outcomes back to the underlying reserves classifications to guide interpretation of supply-demand forecasts, and highlights the critical role of key suppliers in the eastern Australian gas market in the coming decade.


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