Edition:
United Kingdom

Sonali Paul

British royals reign over drought-stricken Australian town

6:23am BST

MELBOURNE Britain's Prince Harry and his wife, Meghan, arrived with the gift of much-needed rain and cheer on Wednesday for the rural Australian city of Dubbo, where farmers are struggling with a prolonged drought. | Video

Australian state slows AGL LNG import project with environment review

10 Oct 2018

MELBOURNE, Oct 10 Plans by Australia's AGL Energy to start importing liquefied natural gas from 2021 will be delayed after the state of Victoria called for the company and its pipeline partner to submit a full environmental assessment of their project.

East Timor stake buy brings Sunrise gas field a step closer

02 Oct 2018

MELBOURNE East Timor's $350 million purchase of ConocoPhillips' stake in the Greater Sunrise gas field has eliminated at least one hurdle to its long-delayed development, but analysts say any go-ahead may be at least a decade away.

East Timor stake buy brings Sunrise gas field a step closer

02 Oct 2018

MELBOURNE, Oct 2 East Timor's $350 million purchase of ConocoPhillips' stake in the Greater Sunrise gas field has eliminated at least one hurdle to its long-delayed development, but analysts say any go-ahead may be at least a decade away.

UPDATE 2-Hong Kong's CKI clears competition hurdle in bid for Australia's APA Group

12 Sep 2018

* APA shares climb but remain well below offer price (Adds political context)

Australia states power ahead with renewables after national policy collapses

11 Sep 2018

MELBOURNE Australia's Victoria state on Tuesday agreed to back six new wind and solar farms to help meet a target of getting 25 percent of its power from renewables by 2020, just weeks after a year-long attempt at crafting a national energy policy collapsed.

Private equity firm plans $730 million IPO of Coronado Coal in Australia: sources

28 Aug 2018

MELBOURNE/SYDNEY U.S. private equity firm Energy and Minerals Group (EMG) is planning an A$1 billion ($732 million) initial public offering (IPO) of Connecticut-based Coronado Coal in Australia, two people with knowledge of the plan said on Tuesday.

POSCO buys lithium mining rights in Argentina from Australia's Galaxy

28 Aug 2018

SEOUL/MELBOURNE South Korean steelmaker POSCO has sealed a deal to buy lithium mining rights in Argentina from Galaxy Resources for $280 million, beefing up the Australian miner's funds to dig a lithium mine on neighbouring ground.

UPDATE 3-POSCO buys lithium mining rights in Argentina from Australia's Galaxy

28 Aug 2018

* Galaxy shares jump 11 pct (Recasts, adds comment from Galaxy MD, shares)

UPDATE 2-Australia's AGL seeks new CEO at tricky time for power industry

24 Aug 2018

* AGL shares rise 1 pct (Recasts with investor comment, share reaction)

World News