Australia

Australia PM Looks to Henry Hub Model to Lower East Coast Gas Prices

Australia PM Looks to Henry Hub Model to Lower East Coast Gas Prices

Australian Prime Minister (PM) Scott Morrison wants to create a transparent domestic natural gas hub along the east coast similar to Henry Hub in order to lower gas prices in the region and spur an economic recovery from the Covid-19 pandemic. The idea was among a number of measures that Morrison proposed earlier this month…

September 29, 2020
Gorgon LNG to Start Up One Train, but Shutting Down Another for Inspection, Possible Repair

Gorgon LNG to Start Up One Train, but Shutting Down Another for Inspection, Possible Repair

Chevron Corp. plans to shutdown Train 1 at the Gorgon liquefied natural gas (LNG) plant in Australia to inspect for damage after the second train is placed back online, a spokesperson said Thursday. Chevron, which operates the three-train facility and has a 47.3% stake, is progressing on repairs to Train 2, which was shut in…

August 21, 2020
Australian Natural Gas Auctions Said Competitive Even as Bigger Players Dominate

Australian Natural Gas Auctions Said Competitive Even as Bigger Players Dominate

Spot prices in Eastern Australia’s domestic natural gas auctions generally are close to marginal supply prices even though three large firms dominate the markets, according to a market expert. Regulated auctions with bids and offers set the daily prices for wholesale gas in four eastern Australian markets, with prices typically a netback to Asian liquefied…

July 21, 2020
LNG Supply Glut Likely to Outlast Demand for Years, Says IGU

LNG Supply Glut Likely to Outlast Demand for Years, Says IGU

Following a record year of low prices driven by increasing liquefied natural gas (LNG) production in 2019, the global supply glut is likely to persist for at least another two years, according to the International Gas Union (IGU) in its annual report this week.

April 29, 2020
Shell Sanctions Australian Natural Gas Project to Feed Domestic Demand, LNG Exports

Shell Sanctions Australian Natural Gas Project to Feed Domestic Demand, LNG Exports

An affiliate of Royal Dutch Shell plc has made a final investment decision (FID) to move ahead with the first phase of a multi-billion dollar project to expand natural gas production in the Surat Basin of Eastern Australia to supply domestic and export markets.

April 20, 2020
Scuttled Deal May Threaten Magnolia, Bear Head LNG Projects

Scuttled Deal May Threaten Magnolia, Bear Head LNG Projects

LNG Ltd. (LNGL), which is developing natural gas export terminals on the Gulf Coast and in Canada, is facing a cash crunch and warned Tuesday that it might not be in business much longer after a Singapore-based company backed out of a deal to acquire it.

April 14, 2020
Scuttled Deal May Threaten Magnolia, Bear Head LNG Projects

Scuttled Deal May Threaten Magnolia, Bear Head LNG Projects

LNG Ltd. (LNGL), which is developing natural gas export terminals on the Gulf Coast and in Canada, is facing a cash crunch and warned Tuesday that it might not be in business much longer after a Singapore-based company backed out of a deal to acquire it.

April 14, 2020
LNG Market Facing Uncertainty After Record Year, GIIGNL Says

LNG Market Facing Uncertainty After Record Year, GIIGNL Says

The liquefied natural gas (LNG) market had a banner year in 2019, with strong import growth and record production, but the trade faces tests in the year ahead as the coronavirus outbreak continues to impact nearly every facet, according to the trade group that represents companies active in importing worldwide.

April 9, 2020
LNG Market Facing Uncertainty After Record Year, GIIGNL Says

LNG Market Facing Uncertainty After Record Year, GIIGNL Says

The liquefied natural gas (LNG) market had a banner year in 2019, with strong import growth and record production, but the trade faces tests in the year ahead as the coronavirus outbreak continues to impact nearly every facet, according to the trade group that represents companies active in importing worldwide.

April 9, 2020
Takeover of Magnolia, Bear Head LNG Developer Likely Delayed Due to Covid-19

Takeover of Magnolia, Bear Head LNG Developer Likely Delayed Due to Covid-19

Australia-based LNG Ltd. (LNGL), which is developing export terminals for the Gulf Coast and Canada, said Friday that its takeover by a private company in Singapore is likely to take longer because of problems created by the coronavirus outbreak.

March 30, 2020
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