Australia

Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Japan’s largest power producer, Jera Co. Inc., said it would take a 12.5% interest in the Barossa natural gas project offshore Australia’s Northern Territory as it continues to secure additional liquefied natural gas (LNG) supplies. Santos Ltd. sanctioned the $3.6 billion project earlier this year to develop the Barossa field to supply the Darwin LNG…

December 8, 2021
Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops unconventional natural gas…

December 6, 2021
Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

November 30, 2021
Former Parsley CEO Sheffield Acquires 7.4% Stake in Australian Natural Gas Explorer Tamboran

Former Parsley CEO Sheffield Acquires 7.4% Stake in Australian Natural Gas Explorer Tamboran

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd., executives said Tuesday. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops…

November 29, 2021
Chevron Pledges to Further Reduce Gorgon LNG Emissions

Chevron Pledges to Further Reduce Gorgon LNG Emissions

Chevron Corp. said it plans to spend $29 million to implement lower carbon projects in Western Australia, in part to offset penalties for failing to capture enough emissions from the Gorgon natural gas export project. Chevron Australia operates and holds a 47.3% stake in the Gorgon liquefied natural gas (LNG) facility. The funding to reduce…

November 11, 2021
EIG Strikes Nearly $1.6B Deal for Stake in Australian LNG Project

EIG Strikes Nearly $1.6B Deal for Stake in Australian LNG Project

EIG Global Energy Partners, a private equity firm that specializes in investments in energy infrastructure, agreed on Monday to pay Origin Energy Ltd $1.59 billion for a minority stake in Australia Pacific LNG Pty Limited, a joint venture with ConocoPhillips and Sinopec.   The liquefied natural gas (LNG) project is the largest by liquefaction capacity on…

October 26, 2021
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
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