BPH Energy (ASX:BPH): TSN -The Stock Network
Summary
TLDRThe presentation discusses the critical role of Advent Energy in addressing Australia's looming gas shortfall, emphasizing the importance of the Future Gas Strategy Report. It highlights the Sydney Basin project's alignment with the government's strategy for reliable, low-cost gas supply. The speaker also touches on the impacts of gas shortages, such as industry closures and job losses, and briefly introduces clean hydrogen and cortical technologies. The urgency of the situation is underscored by the potential shortfall equivalent to all gas used in manufacturing and households across several states.
Takeaways
- 📜 The presentation focuses on Advent Energy and the significant developments in the clean hydrogen market, with a particular emphasis on the Future Gas Strategy Report.
- 🚀 The Future Gas Strategy Report highlights the importance of bringing gas to market at the right time and place, and at the lowest cost, to support the transition to Net Zero by 2050.
- 📍 Advent Energy's project is located in the offshore Sydney Basin, which is strategically positioned to meet the criteria of the Future Gas Strategy Report.
- 🔍 The report includes a map showing the gas basins of Australia, with the Sydney Basin being an accepted producing gas basin, indicating the project's potential significance.
- 📉 Energy Quest, an independent energy commentator, warns of a looming gas shortfall in Australia that could emerge as early as next year and a deep structural deficit by 2028.
- 📊 A steep drop in offshore gas production from Victoria's Bass Strait has led to a dynamic change in the gas supply situation, emphasizing the need for new projects.
- 🏭 The script outlines the negative impacts of gas shortages on Australian industries, including job losses and factory closures, affecting manufacturing and energy supply.
- 💡 Clean hydrogen is transitioning from proof of concept to production, with Advent Energy producing high-quality carbon nanotubes that have shown significant benefits in battery operations.
- 🌐 Cortical, a medtech device for anesthesia monitoring, has existing approvals in Europe, the USA, Korea, and Australia, and is in the process of upgrading with AI integration.
- ⏳ The urgency of the gas supply situation is underscored by predictions of an 800 Petajoules per year shortfall by the early 2030s, equivalent to all gas used in manufacturing and households in several states.
- 🌐 The script concludes with a call to action regarding the importance of gas supply for jobs and homes in Australia, with 300,000 jobs and 5 million homes relying on gas.
Q & A
What is the main focus of the presentation?
-The main focus of the presentation is on Advent Energy and the significant developments in the clean hydrogen and gas market, particularly in relation to the Future Gas Strategy Report.
What does the Future Gas Strategy Report highlight as a key focus of the government's strategy for new projects?
-The report highlights that relying on LNG imports and developing additional forecast gas supply from existing 2P reserves is a key focus of the government's strategy for new projects.
How does the location of Advent Energy's project in the offshore Sydney Basin relate to the criteria set out in the Future Gas Strategy Report?
-The location of Advent Energy's project, being 26 km out from Newcastle in the Sydney Basin, meets the criteria of being proximal to where gas is needed and potentially offering a lower cost supply.
What is the current issue with gas supply and demand as mentioned in the script?
-The current issue is that gas supply is decreasing faster than demand, which can lead to shortages, disruptions, and high prices.
What are the guiding principles outlined in the strategy paper regarding the role of gas in the economy?
-The guiding principles state that gas remains crucial to the economy up to 2050, supporting the transition to Net Zero, and must be brought to market at the right time, place, and at the lowest cost.
What does the map included in the presentation show about the gas basins of Australia?
-The map shows the gas basins of Australia, particularly highlighting the Sydney Basin where Advent Energy's project is located, indicating it as an accepted producing gas basin.
What is the potential critical importance of Pep 11 as mentioned in the script?
-Pep 11 is one of the two remaining permit areas in New South Wales, which could be critical for addressing the looming gas shortfall and ensuring gas supply for households and businesses.
What does Energy Quest suggest as Australia's plan B to address the looming gas shortfall?
-Energy Quest suggests that Australia must develop a plan B, which includes bolstering Eastern Seaboard supplies, to head off the looming gas shortfall that could emerge as early as the next year.
What are some of the industry impacts mentioned due to gas price increases and supply issues?
-Some industry impacts include closures and job losses in various sectors such as manufacturing, steel production, and gas trading operations, with specific examples given like the closure of Opal's white paper manufacturing and job losses at Santos.
What is the significance of the clean hydrogen technology mentioned in the script?
-The clean hydrogen technology, specifically the Turquoise Hydrogen System, is significant as it produces high-quality carbon nanotubes that have immense conductivity and thermal dissipation properties, leading to benefits such as a 25% increase in battery range in tests.
What is the potential impact of the gas supply constraints on manufacturing and households as highlighted in the script?
-The potential impact includes the need for manufacturing plants to close operations during peak periods, increased reliance on gas-fired power, and the risk of not having gas available at the right cost or supply levels, affecting both manufacturing and households.
Outlines
🚀 Future Gas Strategy and Advent Energy's Role
The speaker introduces the topic of BPH (presumably a company or project) and its focus on Advent Energy, clean hydrogen, and cortical. The main emphasis is on the recent release of the future gas strategy report, which highlights the importance of bringing gas to market at the right time and place, and at the lowest cost. The report also addresses the looming gas shortfall and the government's strategy to rely on LNG imports. The speaker mentions the Sydney Basin project's alignment with the strategy's criteria and the critical need for a reliable gas supply to prevent price hikes and shortages. The importance of gas for the economy until 2050 and its role in the transition to Net Zero is also discussed.
📉 Impact of Gas Shortfall and the Need for Plan B
This paragraph discusses the urgent need for a plan B to address the impending gas shortfall in Australia, which could occur as early as the next year and become a deep structural deficit by 2028. The speaker cites Energy Quest's recent update, emphasizing the necessity to bolster Eastern Seaboard supplies due to a significant drop in offshore gas from Victoria's Bass Strait. The impact of the gas price increase is illustrated through industry closures and job losses in various sectors, including manufacturing and energy trading. The speaker also touches on the potential issues with relying on LNG imports, such as higher costs and supply constraints, and the importance of developing domestic gas resources like the ones in the Sydney Basin.
🌐 Clean Hydrogen and Cortical Innovations
The speaker briefly mentions the advancements in clean hydrogen technology, transitioning from concept to production. They highlight the production of high-quality carbon nanotubes from the Turquoise hydrogen system, which have superior conductivity and thermal dissipation properties. The benefits of this technology are demonstrated through a 25% increase in battery range during tests in India. Additionally, the speaker discusses the development of a new generation of a Medtech device called Cortical, which involves AI and upgrades to existing hardware and software. The paragraph concludes with a reminder of the gas shortfall's urgency, as stated by Minister King, and the potential impact on manufacturing and household gas usage across Australia.
🏭 Gas Supply's Importance for Jobs and Homes
In the final paragraph, the speaker emphasizes the importance of gas supply for the economy, noting that 300,000 jobs in New South Wales and five million homes across Australia rely on gas for heating and energy. The speaker thanks the audience for their time and concludes the presentation by reiterating the critical role of gas in supporting jobs and homes, and the need for timely and cost-effective gas supply solutions.
Mindmap
Keywords
💡BPH
💡Advent Energy
💡Future Gas Strategy Report
💡LNG Imports
💡2P Reserves
💡Sydney Basin
💡Energy Quest
💡Clean Hydrogen
💡Cortical
💡Gas Shortfall
💡Manufacturing and Household Gas Use
Highlights
Introduction to the presentation on BPH energy and Advent energy focusing on significant market developments.
Mention of the Future Gas Strategy report released by the government, focusing on reliable and lower-cost gas supply.
The Sydney Basin offshore project by Advent energy meets criteria set by the Future Gas Strategy.
Minister King's emphasis on reliable gas supply to keep energy prices down for households and businesses.
Guiding principles from the strategy paper: gas remains crucial to the economy up to 2050 and supports the transition to Net Zero.
Sydney Basin identified as an accepted producing gas basin in the future gas strategy.
Petroleum permits in Australia, highlighting two key permit areas in New South Wales: Santos Narab and the Pep 11 project.
Energy Quest's report emphasizing the need for a plan B to address the looming gas shortfall by 2028.
Decreasing Gippsland Basin production by 24.8% and its impact on gas supply dynamics.
Industry closures and impacts over the last two years due to gas price increases and supply issues.
Brief mention of clean hydrogen and its potential benefits, including production of high-quality carbon nanotubes.
Cortical anesthesia monitoring device development and its approvals in multiple regions.
Minister King's statement on an 800 petajoule per year gas shortfall expected into early 2030.
Impact of gas-fired power increasing to 16 GW by 2050 and constraints in the gas supply network.
Emphasis on the importance of gas supply for 300,000 jobs in New South Wales and five million homes across Australia.
Transcripts
[Music]
thank you for the opportunity to present
today on BPH
energy uh code BPH uh there is a
disclaimer of the latter part of the the
display today and and I'll come through
to that I'm going to speak about Advent
energy clean hydrogen and cortical but
the main focus will be on Advent
energy um and the significant
development that's occurred in this
Marketplace is uh the future gas
strategy report has now been released
and uh that report uh
says uh where gas will be proximal to
where it is needed world where it will
be a lower cost in relying on LNG
Imports is a key focus of the government
strategy for new
projects and if additional forecast gas
supply can be developed from exist
listing uh 2p uh reserves possible
reserves contingent prospective
resources however this will require both
forecast and new projects to be
developed in the required time frame now
when you look at where our project is in
the offshore Sydney Basin 26 km out from
Newcastle that really sets up that we
meet those criteria and of of course
when um Minister King launched this
strategy she said reliable supply of gas
is crucial to keeping Energy prices down
for households and businesses and
decreasing gas supply faster than demand
will lead to shortages Supply
disruptions and high prices and of
course that is exactly what is occurring
at the current time so the uh guiding
principles that you put out in this
strategy paper
included that gas remains crucial to our
economy and that's right out to
2050 and regions to support the
transition to Net Zero and of course as
I said gas has got to be brought to
Market at the right time and in the
right place and at the lowest cost and
with the other
criteria
now the particular map was included in
the um presentation the future gas
strategy and it shows the uh gas basins
of Australia and in particular of course
the Sydney Basin where our project is
and of course it shows that the um
Sydney Basin is a an accepted
producing uh gas Basin and now I'll move
on to the next
element again this is the most recent
released from GP info and it shows the
petroleum permits both onshore and
offshore Australia and of course what
we're seeing here is that there are only
two permit areas in New South Wales that
are remaining that is the Santos narab
project in the pepper Len area
offshore and the other elements that I'm
going to touch on in the uh presentation
in a moment will take you through to the
importance the potential critical
importance of Pep
11
now energy Quest is uh a respected
independent energy
commentator uh and they've just released
on the 10th of June a new update and of
course what they have said in that is
that Australia must develop a plan B to
head off the looming gas
shortfall and that gas shortfall can
emerge as as early as next year and a
deep structural deficit could be present
in
2028 now they've also said it is now
clear that whatever we've been doing to
address the looming 28 shortfall we have
now less than four years to find that
answer and that bolstering Eastern
Seaboard supplies was the most logical
response to a steep drop off in offshore
gas from Victoria's bass straight
and of course what we've seen is that in
Victoria as and this is what energy
quester just told us in the 3 months to
March 30th the gibsland Basin production
decreased by
24.8% and that really changes the
dynamic of what might now must
occur uh so even though LNG importing
may occur they've said importing gas
will be significantly more expensive
than current
supplies and higher prices would be
problematic for Australian Eastern seab
board um for households and
Manufacturing
uh now what's happened over the last two
years and I'm just going to take you
briefly through a few impacts these are
industry closures and Industry impacts
in the last two years inch pivot
Queensland 7 170 jobs
quos botney Bay and down in Victoria 700
jobs a key component of the Australian
industrial complex mop steel Newcastle
250 workers jobs lost opal the only
source of Australian manufactured white
paper 200 jobs closed sbin
uh as a result of uh gas price 300%
increases closed moved offshore IND
durama as a result of quos closure in
botney um 110 jobs Western Energy ceased
its gas trading operations in 28 Santos
has just had 200 job losses Beach 100
job losses or thereabouts and of course
we've got the other direct cost impacts
which is that
manufacturing plants are now being asked
to close their operations down during
Peak periods and that's exactly what's
occurring at the current time and that's
a real risk for uh the uh depth of
winter and the heat of Summer and we're
about to go into one of those time
frames I'm now just going to briefly
touch on clean hydrogen and cortical
clean hydrogen of course we're moving
from Pro of concept to production and
most importantly as we said in our ISX
release we're now producing from the
turquoise hydrogen system Carbon
Composites which is high quality carbon
nanot tubes and those carbon nanot tubes
are act as a toughening agent and they
have a an immense conductivity greater
than copper and thermal dissipation
greater than diamonds now
in tests in a battery operations in
India they've had a 25%
increase in the range in the battery
that was tested in that operation and so
in fact we are seeing a significant cost
and
benefit gain as a result of the clean
hydrogen technology
cortical uh anesthesia monitoring a
Medtech device with um uh approvals
already in existing in Europe USA Korea
and Australia we're now in the process
of developing the generation to which
involves uh Ai and the upgrade to
software hardware and
firmware just to come back to a couple
of points which is
the gas paper when meline King as the
minister for resources launched this the
strategy said 800 Peds a year is going
to be the shortfall out into early
2030 and of course that's equal to all
of the gas used in manufacturing and in
households in Queensland Victoria and
New South Wales Northern Territory in
South Australia that's how urgent this
uh is and of course gas fired power is
going to increase to 16 gaw out by
2050 LNG isn't necessarily going to be
in uh ready supply or at the right cost
when it's from imported and of course
you also have uh as the gas strategy
paper said constraints in the gas supply
network when you're bringing gas down
from the the Northern areas let alone
the fact that you are going to be
constrained by LNG export contracts
where Japan Korea China rely on this gas
for their domestic purposes so we have
the Basin we're waiting for an
approval U Minister qy cusic sorry is
the U Minister that is now responsible
for the approval process
and uh we have a aen basin which is in
the gas phase most importantly and of
course it's 300,000 jobs in New South
Wales rely on gas supply and there's
five million homes across all of
Australia that rely on gas as a key part
of their Heating and energy supply thank
you for the time to talk to you today
die
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