Australia

Santos Looks to Balance Domestic Natural Gas Demand, Future LNG Prospects

Santos Looks to Balance Domestic Natural Gas Demand, Future LNG Prospects

Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects. Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied…

October 31, 2022
Woodside Diversifying Portfolio, Growing European Exposure with U.S. LNG

Woodside Diversifying Portfolio, Growing European Exposure with U.S. LNG

While Woodside Energy Group Ltd. is pushing ahead with multi-billion dollar natural gas development projects to secure the future of its Australian assets, it made moves in the third quarter to grow its exposure to European markets with help from some added U.S. LNG. The third quarter was Woodside’s first full earnings period since it…

October 26, 2022
Chevron Gains Stakes in Three Carbon Capture Projects Offshore Australia

Chevron Gains Stakes in Three Carbon Capture Projects Offshore Australia

Chevron Corp. has snagged a stake in three joint ventures to develop carbon capture projects offshore Australia. The greenhouse gas (GHG) assessment permits granted to Chevron Australia Pty Ltd. are for offshore blocks covering nearly 7.8 million acres. Two permits are for work in the Carnarvon Basin off the northwestern coast and one is for…

September 12, 2022
Santos, Woodside Advance Australian LNG Expansion, Natural Gas Field Development

Santos, Woodside Advance Australian LNG Expansion, Natural Gas Field Development

Australia’s largest natural gas and oil companies are moving forward with key projects for the future of the country’s LNG industry. Santos Ltd. has sanctioned a $300 million-plus pipeline project that would create an additional connection to its Darwin liquefied natural gas facility in Northern Australia. Dubbed the Darwin Pipeline Duplication Project, the pipeline extension…

September 8, 2022
Shell Expanding U.S. LNG Share with Lake Charles Offtake Agreement

Shell Expanding U.S. LNG Share with Lake Charles Offtake Agreement

Shell plc has increased its portfolio of U.S. LNG and helped progress a developing Gulf Coast export project it once held a half-stake in with a long-term agreement with Energy Transfer LP (ET). ET signed a 20-year sales and purchase agreement (SPA) with Shell for 2.1 million metric tons/year from the proposed Lake Charles LNG…

August 25, 2022
Australian LNG Producers Face Prospect of Diverting Exports to Meet East Coast Supply Shortfall

Australian LNG Producers Face Prospect of Diverting Exports to Meet East Coast Supply Shortfall

Australia should divert LNG exports to meet a domestic gas supply shortfall on the east coast next year, the Australia Competition and Consumer Commission (ACCC) said in its latest  report. Australia’s east coast gas market is expected to have a shortage of 56 petajoules (PJ) next year, or about 10% of domestic demand, according to…

August 3, 2022
Woodside, Santos Power Through Natural Gas Market Volatility for Another Strong Quarter

Woodside, Santos Power Through Natural Gas Market Volatility for Another Strong Quarter

Australia’s largest independent natural gas and oil producers honed in on optimizing value for LNG exports and progressing gas field development projects in the second quarter while navigating domestic supply shortages. The recently renamed Woodside Energy Group Ltd. and Santos Ltd. both reported continued elevated pricing for liquefied natural gas (LNG) despite demand destruction in…

July 22, 2022
Shell to Shutter All Prelude FLNG Cargoes as Union Dispute Rages

Shell to Shutter All Prelude FLNG Cargoes as Union Dispute Rages

Shell plc is shuttering the 3.6 million metric tons/year Prelude floating liquefied natural gas (FLNG) export facility offshore Western Australia, as union workers overwhelmingly rejected the London-based major’s latest offer to improve pay and working conditions.  The Offshore Alliance union told Shell that workers planned to ban mooring tankers alongside the FLNG facility, preventing the…

July 11, 2022
Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Cold weather, coal-fired power outages and a lack of natural gas infrastructure to connect to regional markets has left Australia questioning the value of liquefied natural gas (LNG) exports. “Much like recent energy crises elsewhere in the world, the situation in Australia is an unfortunate confluence of massive coal capacity outages, combined with a colder-than-normal…

June 16, 2022
Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Australia Pty Ltd. and joint venture partner SGH Energy are moving forward with developing the Crux natural gas field offshore Western Australia, a project to supply the existing Prelude floating liquefied natural gas (FLNG) facility. Crux is expected to have capacity to supply the Prelude FLNG facility with up to 550 MMcf/d. Construction is…

May 31, 2022
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