Australia

Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

Australian independent Santos Ltd. is set to bolster its global portfolio through a takeover of Papua New Guinea-based Oil Search Ltd. The deal announced Monday would give Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost projects in the world. Oil Search is a partner in…

August 2, 2021
Chevron Says Gorgon’s Five LNG Trains Online, Readying Growth in Permian and Beyond

Chevron Says Gorgon’s Five LNG Trains Online, Readying Growth in Permian and Beyond

Following repairs, all five of Chevron Corp.’s liquefied natural gas (LNG) trains at the Gorgon export project in Australia are online, the Upstream chief said Friday. Executive Vice President Jay Johnson discussed the progress at Gorgon during a second quarter conference call.  Chevron, which operates Gorgon with a 47.3% stake, took it temporarily offline last…

July 30, 2021
Woodside Inks Trucked LNG SPAs to Power Australian Mining Industry, On Track for Pluto Expansion FID

Woodside Inks Trucked LNG SPAs to Power Australian Mining Industry, On Track for Pluto Expansion FID

Woodside Petroleum Ltd. has entered a trio of sale and purchase agreements (SPA) to supply liquefied natural gas (LNG) sourced from its Pluto facility via truck to power Western Australia’s remote mining industry. Woodside said last week it and joint venture partner EDL had inked a 10-year SPA with miner Strandline Resources Ltd. to supply…

July 21, 2021
TotalEnergies Strikes $750M Tolling Fee Deal with GIP at Australia’s Gladstone LNG

TotalEnergies Strikes $750M Tolling Fee Deal with GIP at Australia’s Gladstone LNG

French supermajor TotalEnergies SE has inked a $750 million tolling fee agreement with infrastructure fund Global Infrastructure Partners (GIP) related to the downstream facilities at the Gladstone liquefied natural gas (LNG) project in Australia. Under the terms of the deal, GIP is to receive a throughput-based tolling fee calculated on TotalEnergies’ share of gas processed…

July 14, 2021
LNG Suppliers Woodside, Santos See Revenue Lift on Higher Commodity Prices

LNG Suppliers Woodside, Santos See Revenue Lift on Higher Commodity Prices

Two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., posted higher first quarter revenues despite loading fewer volumes over the previous three-month period as commodity prices strengthened. Woodside last month said LNG sales in 1Q2021 amounted to 17.6 million boe/d, down from 19.4 million boe/d in 4Q2020 and 17.8…

May 5, 2021
Woodside, Santos Report Jump in 2020 LNG Sales Despite Pandemic

Woodside, Santos Report Jump in 2020 LNG Sales Despite Pandemic

Two of Asia’s leading liquefied natural gas (LNG) suppliers said sales jumped significantly last year despite a pandemic that curbed global energy consumption.  Woodside Petroleum Ltd., Australia’s largest natural gas producer, said its annual LNG sales increased in 2020 year/year to 81.2 million boe from 75.3 million boe. Santos Ltd., the country’s largest domestic gas…

January 25, 2021

U.S. Feed Gas Deliveries Plummet on Gulf Coast Fog — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Wood Mackenzie said feed gas deliveries to U.S. terminals fell by nearly 730 MMcf day/day to 8.93 Bcf on Thursday based on evening cycle nominations. The declines are concentrated at Cheniere Energy Inc.’s Sabine Pass terminal, “where heavy fog has significantly affected visibility” and disrupted…

January 21, 2021

Asia LNG Rally Continues with Cargo Bid at $26-Plus — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. has reportedly bid $26.15/MMbtu for an early February LNG cargo delivery to South Korea. The trading firm has reportedly bought cargoes on the Asian spot market at $21.70 and $20.80 in recent days for February delivery, shattering previous Japan Korea Marker…

January 7, 2021
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
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