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Nick Toscano

Nick Toscano

Nick Toscano is a business reporter for The Age and Sydney Morning Herald.

The average price per barrel of oil fetched by Santos last year, at $US87.60, was well blow 2022’s $US110.10.

Labor sends emergency delegation to defuse Asian gas alarm

Senior officials will travel to Asia this week in an attempt to douse a growing diplomatic crisis in countries unsettled by Australia’s plans for a gas reservation.

  • Nick Toscano and Mike Foley

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The interior of the NextDC 2 Broadcast Way data centre.

Data centres vow to fund Australia’s renewables shift, not derail it

As data centres’ power demand continues to surge, tech giants argue their deep corporate pockets will be an asset for Australia’s green transition.

  • Nick Toscano and David Swan
Australia is bracing for another round of petrol panic buying.

Warning over petrol panic-buying as fuel excise discount expires

Fuel suppliers and the federal government are preparing for another surge in petrol demand before a popular tax break is wound up at the end of the month.

  • Mike Foley and Nick Toscano
The 900-kilometre Project EnergyConnect is of the biggest initiatives to upgrade the nation’s outdated power grid, but faced major cost blowouts.

Australia needs more renewables. This 900-kilometre cable will help

A new high-voltage “superhighway” with a $4.1 billion price tag will soon make it easier to add wind and solar farms to the network.

  • Nick Toscano
Neoen owns the Victorian Big Battery outside Geelong in Victoria.

Green energy is shielding Australia from a global power price shock

The rollout of renewables and batteries is buffering Australian electricity bills from the Iran war energy crisis.

  • Nick Toscano and Mike Foley
The U-Go self-serve model of petrol station has become popular with motorists seeking cheaper fuel.

Australian drivers flock to staff-free servos as fuel prices bite

A major fuel supplier will add more than 100 self-serve sites to its discount chain amid a rush of demand from motorists seeking relief from record prices.

  • Nick Toscano
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Australia’s data centre boom could drive household and business power bills up by as much as 26 per cent and push the nation’s climate targets out of reach.

Data centre boom could send power prices 26 per cent higher: Climate group

As Victoria and NSW chase billions in data centre capital, a report warns households could foot the bill for a dirtier, costlier grid.

  • David Swan and Nick Toscano
A Japanese LNG tanker arrives at a Tokyo Gas terminal in Yokohama.

‘Deep concerns’: Labor gas plan triggers alarm in Asia

A new federal mandate for LNG exporters to keep more gas in Australia is threatening to strain critical trade relationships in Asia at a sensitive time.

  • Nick Toscano
The Whyalla steelworks, owned by GFG Alliance, was pushed into administration last year.

A coal billionaire and an Indian giant on shortlist to save Whyalla

A fight for control of one of Australia’s last steelworks has narrowed to two potential buyers, pitting a billionaire against India’s third-largest steelmaker.

  • Nick Toscano
The Liddell Power Station chimney stacks being demolished today.

Liddell power station chimneys come crashing down in controlled explosion

For more than half a century, the Liddell power station burned black coal to generate electricity to power New South Wales. On Tuesday, its two 168-metre tall concrete chimney stacks were demolished.

  • Nick Toscano