Associated News, page-3610

Yeah, nice weekend segue with our SP landing a double digit rise.
IMO the new messaging from DW is starting to penetrate the market.
Good presos, particularly at the AGM giving much needed context for the business and the approach to target peaking electricity revenue.

For me, I got to experience this last week the humidity of QLD with a business trip there.
Was only in Brisbane/Toowoomba, and it was freaking insane everytime I had to work outdoors.
Had to run at 430AM to finish around sun up or I'd melt into a puddle.
New housing builds were visible everywhere. With southerners like me moving there in increasing numbers, the expectation for A/C will help drive increased electricity demand, on top of data centres and electrification of everything.

Outside of QPM, I haven't heard industry or government give a good simple explanation for the need for gas, particularly waste gas.
Maybe some comms have been around landfill methane capture, where Joe Public would agree that is 'good gas', right?
It's putting otherwise polluting methane from an existing & needed industrial activity to productive use, reducing the need for extra energy production to cover the waste gas output.

QPM's Moranbah Gas Project does exactly the same thing.
Pulls otherwise flared or vented methane from existing metallurgical coal mines, the global indutry standard input for producing steel, and flips it to productive use.
High energy/heat industrial users like Dyno use some, and then TPS reduces the need to use some thermal coal generation during the grid's stressed moments.
What's not to like?
We're not fracking productive farmland and destroying future food production.

The government's Future Gas Strategy is stangely quiet on this topic.
Be interested to see how the new state LNP government approaches the met coal and gas industry.
Perhaps considering rolling back some of those increased royalties that had BHP saying no more QLD investment thanks.
Perhaps tie it to assisting the region and Australia meet the Global Methane Pledge targets.
Now that would sure sparkle up QPM's lips and hips, if Grosvenor's explosion/s didn't already show them how badly managed gas can sag a miner's (and govt) bottom line.
Haven't heard much outside of their 100 day plan, in which I could only find this relevent:
IMPLEMENT the Electricity Maintenance Guarantee on government-owned power plants, with full transparency and accountability of maintenance requests to Shareholding Ministers.

BTW, TECH - I haven't forGotten you

Have a great weekend all!