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International Energy Agency predicts peak demand for fossil fuels, global energy prices welcome a downward cycle.
The International Energy Agency predicts in its annual long-term report that as the global energy consumer pattern changes, we are entering an era of lower energy prices.
Australia's two major mining giants cooperate to test electric mining trucks to pave the way for the 2050 net zero target
① Rio Tinto, a major Australian mining company, announced cooperation with BHP Billiton Group to test large-scale electric transport truck technology in the Pilbara region of Western Australia; ② This test will evaluate the performance and productivity of electric trucks in the Pilbara mining environment; ③ The move aims to achieve the goal of the two companies to achieve net zero greenhouse gas emissions from operations by 2050.
Energy giants warn that Australia may face a shortage of henry hub natural gas before 2030.
Earlier this month, the Australian government released a long-term plan called the "Future Natural Gas Strategy," emphasizing the important role natural gas will play during the energy transition period. Woodside CEO warns that if the government does not take action, Australia's east coast will face natural gas shortages by 2028 and the west coast will face a shortage by 2030.
Chile Needs Permitting Reforms to Boost Mining Investment, BHP and Rio Execs Say
Australian energy giant: Global LNG demand will increase by 50% in the next 10 years
① Australian energy giant Woodside (Woodside) said that global liquefied natural gas (LNG) consumption is expected to increase by 50% in the next 10 years, and the company is considering further expanding its business; ② Australia is one of the world's largest LNG exporters, and Woodside is the country's largest LNG exporter.
Rio Tinto's Management Greenlights World's Largest Global Mining Project