Royal Dutch Shell plc’s Prelude floating LNG (FLNG) vessel offshore Western Australia remains offline more than three weeks after another fire broke out on board. Shell said a small fire was detected on Dec. 21 in a turbine enclosure and quickly extinguished. However, liquefied natural gas production was suspended pending an investigation, the company said. …
Australia
Articles from Australia
Woodside, Western Gas Eyeing More Australian Supply, Pluto LNG Exports
Woodside Energy Group Ltd. has tentative agreements with Western Gas, an Australian offshore natural gas producer, to supply more volumes and boost production from its Pluto LNG terminal. Woodside disclosed several nonbinding agreements with Western Gas in the North West Shelf Project. Western Gas is developing the Equus Gas Project in the Carnarvon Basin. Under…
Natural Gas Producers, Exporters Prepare for Australia’s Proposed Price Cap Fallout
Australia’s proposed plan to protect domestic consumers from global natural gas market volatility has made major LNG exporters rethink domestic supply partnerships and sparked concern amongst countries reliant on Australian supplies. On Dec. 9, the government outlined an intervention plan that could cap domestic natural gas prices at around $8/gigajoule and coal at around $86/ton…
Santos Facing Delays for Australian Natural Gas Project After Court Decision
Santos Ltd. may be facing an extended delay before it can proceed with its $3.6 billion Barossa project to extend LNG exports from northern Australia after a federal court denied an appeal. The Barossa project, sanctioned last year, is intended to provide more gas supply for the 3.7 million metric ton/year Darwin LNG terminal, possibly…
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…
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…
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…
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…
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…
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…