Australia

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.

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.

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.

A three-year reprieve has been granted from a provincial deadline at the end of this year for a delayed Australian plan to build a natural gas export terminal on the Canadian east coast in Nova Scotia.

Australia’s liquefied natural gas (LNG) sector is facing dual headwinds from possible coal seam gas (CSG) underproduction and pushback over environmental concerns, according to research by Rystad Energy.

Adelaide-based independent gas producer Santos Ltd. is on track to become Australia’s largest energy producer following its Monday announcement that it inked a $1.39 billion deal to buy ConocoPhillips’ northern Australia assets.

Perth-based Woodside Petroleum Ltd. signaled Wednesday that it will give no ground on taking its Australian natural gas resources to global markets after securing a supply deal with a top German power generator.

Nigeria LNG (NLNG) said Wednesday it has a letter of intent (LOI) with the SCD consortium for a seventh train at the Bonny liquified natural gas (LNG) plant in the Niger Delta. The consortium is made up of Saipem SPA, Chiyoda Corp. and Daewoo E&C.

The Australian Petroleum Production and Exploration Association (APPEA), which represents more than 60 exporters and producers, pushed back on Tuesday against possible government intervention in the natural gas markets.