BPH Energy (ASX:BPH): TSN -The Stock Network

Summary

The 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.